Disney is chipping away at Netflix’s dominance

The New York Times2021-07-21

The cracks are showing in Netflix’s worldwide dominance. Netflix, Inc. is still king of streaming video, but audiences are slowly shifting toward new rivals, namely the Walt Disney Company’s Disney+, ...

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Comments

Guoshen
2021-07-22
Guoshen
Wow
Guardian_J
2021-07-21
Guardian_J
Go disney
- ykang:
  Go go go
Mtortise
2021-07-21
Mtortise
wow! chiong ah!
SidneyYee
2021-07-21
SidneyYee
This is great news
- Guardian_J:
  good. disney
Geminieve
2021-07-21
Geminieve
Comment and like
- Juer:
  thx
yijyj
2021-07-21
yijyj
Wow

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It set a surprisingly low bar for the quarter when it told Wall Street that itanticipatedadding one million new subscribers, a meager uptick to its current total of 207 million customers. (It’s worth noting that lower expectations are easier to beat, and beating expectations by even a hair can boost a company’s stock.)\nDisney+ more than doubled its share of demand interest in the second quarter compared with a year ago, and Amazon.com Prime Video, Apple TV+ and HBO Max are also gaining, according to Parrot.\nEven as newer entrants have chipped away at Netflix’s long-held grip, Reed Hastings, Netflix’s co-chief executive, has dismissed the competition as pretenders to the Netflix throne. In April, after Mr. Hastings was asked by investors why the company had missed its expectations for adding new customers in the first quarter, he said, “Of course we’re wondering, ‘Well, wait a second, are we sure it’s not competition?’”\n“We really looked through all the data, looking at different regions where new competitors are launched, are not launched,” he continued. “And we just can’t see any difference in our relative growth in those regions, which is what gives us confidence.”\n“We’ve been competing with Amazon Prime for 13 years, with Hulu for 14 years,” he added. “It’s always been very competitive with linear TV, too. So there’s no real change that we can detect in the competitive environment. It’s always been high and remains high.”\nIn other words: If Disney+ is hurting us, we haven’t seen it.\nThe argument that Netflix has been competing with regular television and other streamers for a long time overlooks the fact that new rivals like Disney+ and AppleTV+ are much cheaper than Netflix (and subscription television). And although those services produce far fewer originals than Netflix, they appear to be getting more bang for their buck.\nIn the second quarter, Disney+ got a big boost of demand interest from “The Falcon and the Winter Soldier,” a series based on the Marvel Cinematic Universe, which has thoroughly dominated the box office in recent years. “Loki,” another Marvel spinoff, also helped, according to Parrot.\nAmazon Prime Video got a boost in the period with the launch of “Invincible,” an animated superhero series for adults. And AppleTV+ attracted new customers with a trio of originals: “Mosquito Coast,” a drama based on the 1981 novel; “For All Mankind,” a sci-fi series, and “Mythic Quest,” a comedy series that takes place in a game developer studio.\nSpeaking of, Netflix said this month that it planned to jump into video games. It has hired a gaming executive, Mike Verdu, formerly of Electronic Arts and Facebook, to oversee its development of new games. 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chiong ah!","listText":"wow! chiong ah!","text":"wow! chiong ah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176028336","repostId":1196827638,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176021480,"gmtCreate":1626847335240,"gmtModify":1703479215908,"author":{"id":"3572785254205295","authorId":"3572785254205295","name":"SidneyYee","avatar":"https://static.tigerbbs.com/265c089d41e4955b702b04997fe8a924","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572785254205295","authorIdStr":"3572785254205295"},"htmlText":"This is great news","listText":"This is great news","text":"This is great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176021480","repostId":1196827638,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280807,"gmtCreate":1626849764767,"gmtModify":1663231255730,"authorId":3577512169946317,"author":{"id":3577512169946317,"idStr":"3577512169946317","authorId":3577512169946317,"name":"Guardian_J","avatar":"https://static.tigerbbs.com/d5732d3790ba7ded4910ae093423ed15","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.87%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176021480,"type":1,"supId":0,"prevId":0,"content":"good. <u>disney</u>","text":"good. <u>disney</u>","html":"good. <u>disney</u>"}],"langContent":"EN"},{"id":176090986,"gmtCreate":1626842841245,"gmtModify":1703766256001,"author":{"id":"3583297886876839","authorId":"3583297886876839","name":"Geminieve","avatar":"https://static.tigerbbs.com/bfa5252bf61ac48c5ee1f3809aeb0bd2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583297886876839","authorIdStr":"3583297886876839"},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176090986","repostId":1196827638,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280284,"gmtCreate":1626844342597,"gmtModify":1663231253641,"authorId":3581755979017284,"author":{"id":3581755979017284,"idStr":"3581755979017284","authorId":3581755979017284,"name":"Juer","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176090986,"type":1,"supId":0,"prevId":0,"content":"thx","text":"thx","html":"thx"}],"langContent":"EN"},{"id":176007442,"gmtCreate":1626842817186,"gmtModify":1703766255674,"author":{"id":"3556323385034645","authorId":"3556323385034645","name":"yijyj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3556323385034645","authorIdStr":"3556323385034645"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176007442","repostId":1196827638,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1196827638"}