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Netflix is currently king (or queen) when it comes to streaming services but If Netflix Doesn’t Do Something in The Next 172 Days, It’s All Over…
What exactly am I talking about? I am talking about the fact that Netflix will no longer be the king or queen of streaming services come November all thanks to Disney+ the new streaming service by Disney.
Disney+ will launch November 12, 2019 in the U.S. and will be available to stream anywhere and at the $6.99/month price, it’s an easier pill to swallow financially which means Netflix will have to do something drastic to keep up.
We all know Disney is everywhere and they own a ton of major franchises such as Star Wars, Marvel and even The Simpsons. They even own 60% of Hulu which is Netflix’s competitor.
While Netflix is currently the #1 subscription service thanks to having almost half of all American households subscribed to their service, they will have to move mountains or pray to the subscription gods for a miracle. Between Disney+’s lower prices and selection of Disney movies they basically leave no room for competition.
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Disney is pulling all their movies from Netflix and although Netflix has some great Netflix originals, they don’t have Disney movies and shows so hardcore Disney fans have to get their fix elsewhere.
Financial and Stock Guru’s are foreseeing the future of Netflix as a thing of the past and expressing that Netflix is already in debt and may soon be bankrupt.
Netflix management knows content is king. The company spent $12 billion developing original shows last year. It released 88% more original programming in 2018 than it did the previous year.
And spending on original shows and movies is expected to hit $15 billion this year.
It now invests more in content than any other American TV network.
To fund its new shows, Netflix is borrowing huge sums of debt. It currently owes creditors $10.4 billion, which is 59% more than it owed this time last year.(Source)
After reading this, that would explain why the Netflix subscription prices keeps skyrocketing. So many have cancelled their subscriptions due to the increase in prices.
After all, most people flocked to Netflix for the promise of lower cost versus cable and now, prices are moving closer and closer to the cost of basic cable.
I personally love Netflix and enjoy many of their originals but I have to agree, being a parent of small kids, we need Disney shows in our life and I won’t complain about the cheaper cost.
Let’s just hope Netflix can pull through with something epic.