Netflix investor isn't worried about Disney, Apple streaming services — Netflix is 'the future of film'
Netflix shouldn't be worried about streaming wars, Netflix investor Morris Mark said Tuesday ahead of the company's fiscal earnings report.
Streaming incumbents have been facing threats this year as Disney, Apple and Comcast-owned NBCUniversal announced they are all entering the market. Disney announced last week the Nov. 12 release date of its highly anticipated streaming service, which will allow consumers to stream from the Disney vault and watch new content. It comes as a"bargain" at $6.99 per month, said Mark, who also owns shares of Disney.
But that family-focused content may be what keeps Disney+ from beating Netflix, Mark and other analysts have said.
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