Why 'Big Short' investor Michael Burry says Netflix makes milk — while Disney makes wine
Investor Michael Burry compares Netflix and Disney, characterizing Disney's intellectual property as 'wine' that appreciates over time, while labeling Netflix's content as 'milk' that lacks long-term staying power. He argues that Disney's diversified monetization strategy makes it a superior long-term investment.
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This provides insight into investment strategies regarding streaming services and the valuation of intellectual property in the media industry.
Michael Burry, the investor of "The Big Short" fame. Bloomberg/Getty Images Disney makes "wine" while Netflix makes "milk," Michael Burry says. The "Big Short" investor said that Disney creates more "evergreen" movies and TV shows than Netflix. Burry said that Netflix stock isn't a screaming buy despite it nearly halving since last summer. Michael Burry says there's a glaring difference between two of the world's most powerful media companies. "Disney produces wine. Netflix produces milk," the investor of "The Big Short" fame said in a Substack post on Friday. "One lasts and even gets better with time, one is just fine for now, but most certainly does not get better with age ," he added.
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