Disney closes gap with Netflix, streaming industry future still in question

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The strong subscriber additions by Disney+ in the latest quarter helped Walt Disney Co's flagship streaming service close the gap with market leader Netflix Inc, but industry watchers focused on future prospects for streaming in a saturating market.Disney+ added 11.8 million https://reut.rs/3suczXC subscr

The strong subscriber additions by Disney+ in the latest quarter helped Walt Disney Co's flagship streaming service close the gap with market leader Netflix Inc, but industry watchers focused on future prospects for streaming in a saturating market.

However, a closer look at the numbers showed some of that boost was from Disney's move to bundle Disney+ and ESPN+ with one tier of its Hulu Live service. The media giant's reaffirmation of its long-term goals and a forecast that the second half of the year would grow more strongly than the first half was in sharp contrast to Netflix's gloomy outlook https://reut.rs/3rDdhTh last month.

Netflix has successfully leaned on locally produced content to counter the lack of legacy blockbusters, attracting millions of international subscribers with shows such as"Squid Game","Money Heist" and"Lupin".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines