Here's What Netflix CEO Reed Hastings Thinks About His Biggest Competition
It's 7:30 p.m., you've just sat down on your couch after a long day, and you're ready to stream something to watch. What service do you choose? Is it Netflix (NASDAQ: NFLX), the trailblazer in the industry that has over 195 million paying subscribers? Perhaps it's Disney+, the charming, nostalgic, and content-rich offering from the $251 billion entertainment behemoth that is Walt Disney (NYSE: DIS)?
While the ongoing streaming wars have hit the traditional cable industry hard, they are a clear boon for consumers. It obviously depends on your preferences, but viewers should be prepared to face this dilemma of what to watch for a long time. Outside of live programming, the cable companies are increasingly no longer top of mind for consumers when it comes time to press play. It's evident that streaming is taking over, but what's less certain is if there's a true winner among the growing list of options.
There will probably be multiple winners in the streaming wars, and Netflix co-founder and co-CEO Reed Hastings is ready to face the challenge from the House of Mouse, his biggest direct competitor at the moment.
Source Fool.com
