Netflix (NASDAQ: NFLX) is losing market share to be sure -- but consider the circumstances. It's only natural that the recent launches of big rival services such as Disney's (NYSE: DIS) Disney+ and AT&T's (NYSE: T) HBO Max would chip away at Netflix's share of the on-demand video space. It's this phenomenon that should make the streaming market's new entrants so concerning to Netflix shareholders.
Top Analyst Reports for Disney, Texas Instruments & Cigna
Netflix (NASDAQ: NFLX) is no longer the only game in town in streaming television, and the competition is trying hard to catch up. Walt Disney (NYSE: DIS) is the clear #2 in streaming today, but ViacomCBS, Comcast, AT&T, Amazon, and more are amassing new content to compete. Why is everyone coming after Netflix's business?