NF reports earnings as competition looms and popular shows depart

NF reports earnings as competition looms and popular shows depart Big Tech and Big Media, with their deep pockets and even deeper libraries, are entering the market to topple Netflix from its spot on the streaming throne And some are taking with them the licensed shows that are popular among Netflix subscribers

The biggest threat to Netflixs reign may be Disney , which will in North America The new service will be brimming with some of the companys most popular content including multiple showsfrom , the companys superhero studio that has made more than dollar 22 billion at the worldwide box office, and an original "Star Wars" series called "The Mandalorian" Disney+s most alluring aspect may not be its library, but rather At dollar 699 a month, it is half of what Netflix charges for its standard plan

Disney has estimated the service could bring in 60 million to 90 million subscribers by the end of fiscal year 2024 Apple, NBCUniversal and AT T s WarnerMedia, the parent company of CNN, are all set to premiere new services of their own in the next year WarnerMedia announced earlier this month that its new streaming service will likely hit the market with "10,000 hours of premium content" That includes a library of TV shows and films from the likes of director and writer Greg Berlanti and Oscar winning actress Reese Witherspoon, who will produce at least two films HBO Max will also be the only place to stream "The Fresh Prince of Bel Air," "Pretty Little Liars" and most notably "Friends

" There is no word yet on how much all that will cost subscribers "Friends," which will be added to the service next year, is owned by WarnerMedias TV studio and has been licensed to Netflix for years Making "" exclusive to HBO Max is a big deal because its one of the most watched shows in TV history and was one of the most beloved titles on Netflix in recent years But Netflix subscribers arent just losing their "Friends," theyre also losing their friends from "The Office" NBCUniversal last month that it has secured the exclusive domestic streaming rights for all nine seasons of "The Office," which means fans of Jim and Pam will have to sign up for NBC Universals streaming service next year to see if they end up together

The series, which debuted on NBC in 2005, was streamed for about 52 billion minutes in 2018, according to data referenced by NBC in its news release last month Still, Netflix has an enviable head start with subscribers Its also home to many hit original shows and movies that will make it a must have subscription for TV lovers "Stranger Things," which debuted its third season on the Fourth of July holiday weekend, attracted 264 million unique viewers in the first four days of its release in the US, according to Nielsen data

It was "the most watched Netflix original series weve ever analyzed," according to the viewership data company The streaming company added a record 96 million new subscribers in the first quarter of 2019 It has 1488 million subscribers globally, 60

2 million of whom are from the United States

Source: Youtube

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