Wednesday, 22 January 2020

Netflix CEO admits Disney+ hurt it in the U.S.

Netflix on Tuesday announced its fourth-quarter earnings for 2019 and the streaming video company reported the addition of 420,000 net new subscribers in the U.S. during the period. But before you use that stat as proof that the November launch of Disney+ did not effect Netflix during the fourth quarter, guess again. The company expected that it would report 600,000 new subscribers in the states for the period. The 180,000 subscriber shortfall might have been related to the strong start that Disney+ got off to, . 

, Netflix CEO Reed Hastings admitted after ...

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