1 Big Reason Netflix Will Be Fine Without Disney
Earlier this year, Walt Disney (NYSE: DIS) announced it's pulling its films from Netflix (NASDAQ: NFLX) when its contract expires in 2019. And Disney isn't the only company pulling its content: Twenty-First Century Fox hasn't been renewing licenses for its popular series, and neither has NBCUniversal.
But Netflix isn't too concerned with losing a lot of its licensed content catalog. Speaking at an investor conference earlier this week, Chief Content Officer Ted Sarandos said viewers don't value the back catalog very much even if they do watch it. "People do enjoy the entertainment value of spending a lot of time on Netflix, but it's not that distinctive," he said. "A lot of those shows you can buy on DVD, you can buy on iTunes, so we're not that destination oriented around those shows."
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
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