Netflix delivered enough good news on Wednesday to allay concerns about looming competition from Walt Disney and Apple.
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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.
Apple plans to roll out the Apple TV+ movie and TV subscription service by November, part of a drive to reach $50-billion in service sales by 2020.
Netflix shocked investors by reporting a drop in US customers and much slower growth internationally, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.
The television network giants went through ratings hell. It’s time for Netflix’s own version of that.