Former NBC Cable President Tom Rogers is expressing concerns about Netflix, citing competition from free content on YouTube as a challenge. Despite Netflix’s growth, Rogers notes a decrease in viewer engagement. Netflix recently beat quarterly estimates and raised guidance, but its stock has dropped since hitting a record high in June.

Rogers predicts that artificial intelligence could benefit Netflix in targeted advertising and cost-cutting, but also empower independent content creators, giving YouTube an edge. YouTube’s parent company, Alphabet, has seen a 2% increase in its stock this year. Rogers still views Netflix as the most valuable media company, but advises watching for potential challenges.

Netflix’s spokesperson Emily Goldstein deferred comment to the company’s second-quarter earnings call.

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2. Apple unveils its latest iPhone 13 lineup, featuring improved cameras, longer battery life, and a faster processor. The new phones are set to be released later this month, with pre-orders starting soon.

3. The Federal Reserve announces plans to start tapering its bond-buying program, signaling a potential shift in monetary policy. The move is seen as a step towards normalizing interest rates and addressing inflation concerns.: What worries media mogul Rogers