Dark horse Apple expected to make its move
Washington — Some of the biggest names in media and tech are gearing up to move into streaming in what could be a major challenge to market leader Netflix.
“It’s really going to change the industry,” said Alan Wolk, co-founder of the consulting firm TVREV who follows the sector. These Hollywood firms “have big libraries, so the cost of their content is much lower than it will be for Netflix, which has to pay for all its content”, said Laura Martin, analyst with the research firm Needham & Co. “Netflix will lose subscribers to these new entrants,” Martin said.
Wolk agreed that Disney “is in a good spot” because of its strong brand and content but predicted that consumers may be overwhelmed by the growing options.
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