Netflix (NASDAQ:NFLX) shares drifted lower earlier this month after Disney (NYSE:DIS) hosted a media event in which it spent more than three hours providing details for its upcoming premium video-streaming service. Disney+ is going to be a major player out of the gate, and it was easy to see why the top dog in this booming niche took an initial hit.
Everyone concedes that this will never be a winner-take-all niche. There are a couple of thriving premium music platforms, and there’s no reason why there won’t be several winners in video. The opportunity is even greater in streaming video since folks have historically paid more for video than audio entertainment. There is also less content overlap in video, making it essential for video buffs to subscribe to several platforms to stay on top of trending water-cooler chatter. A new…
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