Josh Brown, a long-term Netflix bull, said on CNBC Friday afternoon that he had cut his position in the streamer by 85%.

Rich Greenfield, LightShed Partners co-founder, believes the economics of the transaction are likely to weigh on Netflix before they help in the long term.

Josh Brown, a long-term Netflix bull, said on CNBC Friday afternoon that he had cut his position in the streamer by 85%.