Apple's Original Content Won't Compete With Netflix - Analyst

Netflix is planning to launch a mobile-only service in India in an attempt to get a better foothold in the country of over one billion people. Brian Manning, Co-Founder at Centric Digital, joins Cheddar to discuss whether the move is enough to help Netflix bounce back after reporting a loss of subscribers for the first time since 2011.

Spotify shares dropped on news that Apple plans to invest in original podcasts. According to Bloomberg, Apple executives have reached out to media companies to discuss buying exclusive rights to podcasts. Caleb Silver, Editor-in-Chief at Investopedia, discusses whether Apple's strategy will likely pay off.

Netflix had expected to pick up 4.7 million global customers in Q2. Instead it reported gaining 2.8 million. Shares tumbled over 10 percent after hours as the streaming giant reported Q2 earnings.