Streaming Content Upstarts Eating Away At Netflix’s Dominance
Netflix (NASDAQ: NFLX) still reigns supreme when it comes to streaming content, but its rivals are chipping away at its dominance.
New research from eMarketer, the market research firm, shows the king of streaming content's market share has been in a decline since 2014 when 90% of the streaming content viewers were Netflix customers. In 2019, the research firm predicts Netflix's share of over-the-top (OTT) paid subscribers will stand at 87%. By 2023, that will drop to 86.3%.
The culprit for its waning position: Hulu, Amazon Prime, and other streaming content providers that are stealing customers away from Netflix.
Source Fool.com
