Whatever Netflix’s second quarter results show, it’s clear that the Covid-19 crisis is fortifying the company’s lead in streaming TV entertainment.
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Walt Disney Co’s top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the CEO of TikTok, the popular video app owned by China’s ByteDance.
For years, television executives have fretted there is too much TV. Now, with the coronavirus looming large, they are worried there might not be enough.
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.
Walt Disney’s much-anticipated debut of its new streaming video service was marred by technical glitches and crashes for some users, though it still stirred excitement online.
Netflix delivered enough good news on Wednesday to allay concerns about looming competition from Walt Disney and Apple.
Apple said its TV+ original video subscription service will launch on 1 November for $4.99/month, undercutting the price of rival offerings.
Get ready, TV fans, because the next few months are going to be wild. Deep-pocketed giants are spending billions of dollars on so much new streaming content that there will be little reason to leave your couch this summer.