Netflix loses it's spot as 1 streaming platform, overtaken by Disney+
You can now listen to Fox News articles!, Walt Disney Co restored hopes that growth in the streaming business will continue.by global subscribers last quarter, is the outlier among its media peers.
Netflix's valuation drops more than $100 million as increasing competition weakens their subscription count. Fresh off a $43 billion merger, Warner Bros Discovery said last week the company would no longer sacrifice its traditional film and TV businesses to prop up its subscription streaming service HBO Max, in a sharp rebuke of previous management's focus on the streaming business.It has scrapped expensive projects such as the HBO Max science-fiction series"Demimonde" in development from"Lost" creator J.J.
"It’s imperative that the media companies take a holistic point of view and try to monetize their increasingly valuable content over every platform, whether it's linear or digital," she said.Comcast Corp's NBCUniversal, which invested less aggressively than its rivals, touted its prescience in not overspending on its Peacock streaming service.
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