Media trailblazer Tom Rogers changes ‘raging bull’ stance on Netflix, sees worrisome signs

Fast Money Live Event | June 5

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Former NBC Cable President Tom Rogers is dialing back his bullishness on Netflix

The media trailblazer, who was a self-proclaimed “raging bull” on Netflix, told CNBC’s “Fast Money” this week he’s starting to worry — and listed competition with free content on YouTube as a headwind.

″[Netflix] still [has] more hit shows than all the other streaming services combined, but when you look at the growth of their sub[scriber] base and look at the amount of total engagement time from all viewers they get, the amount of viewing per viewer has gone down some,” said Rogers, who’s now executive chairman of AI company Claigrid.