Skip to main content

Market Overview

Tuesday's Market Minute: Netflix Isn't Going Anywhere

Share:
Tuesday's Market Minute: Netflix Isn't Going Anywhere

Walt Disney Co (NYSE: DIS) recently announced a slate of new content for Disney+, including nearly a dozen projects each for its tentpole franchises Star Wars and Marvel. This enormous breadth of content, plus its impressive backlog, has caused some analysts to call it Netflix’s main rival. Disney’s habit of keeping old projects in “the vault”, creating artificial scarcity, and the sheer amount it owns—including Hulu and ESPN—definitely sets it up as another streaming powerhouse.

However, as many have said before, consumers are willing to pay for more than one streaming service, and there are plenty of options right now. It’s how they differentiate themselves that’s important: what’s their big hit? What’s their hook? Netflix Inc (NASDAQ: NFLX) spent over $15 billion on content last year, much of it original, and with the success of Enola Holmes, Queen’s Gambit, and other projects that set the internet buzzing, people may be likelier to stick with that subscription over, say, Apple TV+. Netflix’s stock was up yesterday despite Disney’s announcements, which I think could reflect that sentiment: don’t worry about the two on top, but the ones potentially squeezed out.

Photo by pan xiaozhen on Unsplash

 

Related Articles (NFLX + DIS)

View Comments and Join the Discussion!

Posted-In: Netflix TD AmeritradeEarnings News Economics Markets Media General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com