Proof Consumers Can Handle More Streaming Video Subscriptions
Many investors are worried that the introduction of new streaming services from Disney (NYSE: DIS), AT&T (NYSE: T), Comcast, (NASDAQ: CMCSA), and others will cut into the amount of time spent on and subscriber totals for incumbents like Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN).
But as new competitors come to market, it appears more and more likely that consumers will find both time and money in their budgets to use multiple streaming services.
The latest evidence comes from App Annie's State of Mobile 2020 report. The app tracking company found consumers spent 50% more sessions in entertainment apps in 2019 than in 2017. It also uncovered a couple of key trends in the overlap of Netflix users and their use of other streaming video apps, that shows a growing number of consumers will use and subscribe to multiple streaming apps.
Source Fool.com
