Billionaire Richard Li’s streaming business is on a roll, mulling a potential initial public offering after its platform Viu beat Netflix in subscribers in one of Asia’s most competitive markets.
Walt Disney Co’s popular and fast-growing streaming service, Disney+, is coming to South Africa. The platform will be available sometime in the middle of 2022.
Netflix will make a deeper dive into videogames as the movie and TV streaming service projects weak subscriber growth amid growing competition and the lifting of pandemic restrictions.
As earnings season begins, one of the biggest emerging storylines is that Netflix’s most formidable rivals, led by Walt Disney, already may be starting to falter. If Disney can’t get to where Netflix is, can anyone?
Netflix said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world’s largest streaming service down 11% on Tuesday.
Netflix’s global subscriber rolls crossed 200 million at the end of 2020 and the company projected it will no longer need to borrow billions of dollars to finance its broad slate of TV shows and movies.
Walt Disney Co is readying dozens of new shows for its Disney+ streaming service, aiming to keep up a growth run that has propelled subscriptions past 86.8 million.
Apple is acquiring older movies and shows for its TV+ streaming service, aiming to build a back catalogue of content that can better stack up against the huge library available on Netflix.
Society is seemingly trapped in amber, frozen in place by the coronavirus. But really we’re speeding ever faster toward a technological future.
The media ecosystem is undergoing a massive change as streaming video looks to extend its recent dominance over traditional distribution, according to research firm MoffettNathanson.