Walt Disney Co edged past Netflix with a total of 221 million streaming customers and announced it will increase prices for US customers.
A closer look at the streaming giant’s latest financial results indicates it still faces significant hurdles.
Netflix will next month launch its first streaming television series recorded in Afrikaans, featuring well-known South African actor Arnold Vosloo.
Netflix has averted its own worst-case scenario of subscriber losses, posting a nearly one million drop from April to June.
Netflix broke Hollywood’s rules to create an $82-billion global streaming colossus. Now, as growth slows, it is looking backwards for a way forward.
FNB has released data that shows there has been a big spike in subscriptions to online video and music streaming services in South Africa in the past two years.
Netflix is looking to tweak its programming deals with Hollywood studios to enable its launch of an ad-supported version of its service, a report said.
Walt Disney Co’s quarterly results show a path for signing up a quarter of a billion subscribers: international expansion. But investors are now asking, at what cost?
Netflix could introduce its lower-priced, ad-supported subscription plan by the end of the year, earlier than originally planned.
Disney+, which will be launched in South Africa later this month, wants to more than double the number of global subscribers on the platform by 2024.