According to the external media review, the prototype investor, Michael Burry, attributed the difference between Disney and Neff to the durability of the content assets. In his view, both companies had influence, but what really opened the gap was whether the work could continue to attract audiences and be repeated after many years.

Barry compared two content assets.

Burry wrote on his personal Substack that Disney was a wine-producing, Neffy was a milk-producing man. What he meant was that the content under the Disney flag would be of value over time, and that most of Nai Fei ' s works would be more suitable for current consumption and would be less attractive over time.

By name, he referred to Disney IP, such as Star Wars, The Alliance of Avengers, Toy General Mobilization, Ocean Wonders, and believed that such works had cross-generational dissemination capabilities and were more likely to continue to generate commercial returns after many years.

Nai Fei platform is strong, but the content is weak.

In Burry ' s view, while Naifi owns popular works such as " The Strangers " and " The Squid Game ", these content rely more on stage heat. He indicated that he used the constant “chronic test” to determine whether Nai Fei works had long-term value, i.e. whether they could be viewed repeatedly at different ages.

He also stated that Nai Fei ' s core product remained a streaming media platform and essentially a distribution channel for original and mandated content. Nai Fei is an important player in a more decentralized market for media, but does not necessarily have sufficiently deep content in the moat.

The stock price lag is not significantly underestimated.

Burry also addressed valuation issues. He stated that, even if the Nafi stock price had fallen significantly higher than last summer, it still did not appear to him to be a readily visible and cheap asset.

  • Neffi's share price exceeded $130 last summer.
  • Last Friday. 69 dollars.
  • Higher points cumulatively fall close to 50%

He cited, for example, the re-entry of the Golden Bar on the Nairobi platform a few years ago, which could have benefited more from content creators than the platform itself. This was one of the reasons why he questioned the long-term value of the Nai Fei Content Library.