Netflix believes competition from Apple TV+ will grow its businessWhat you need to know
Netflix has released a letter to shareholders detailing performance.
It also argues that the launches of Apple TV+ and Disney+ will help its business as well.
Apple TV+ launches on November 1st and Disney+ on November 12th.
Netflix sees Apple TV+ and Disney+ as allies in the war against cable.
Netflix has released its financial report for Q3 2019 in a letter to shareholders today in which it addresses the upcoming competition from new streaming services like Apple TV+ and Disney+. Reported by 9to5Mac, Netflix argues that new competition will actually boost its own overall subscribers rather than take away from them because the real opportunity exists in on-demand services taking over the traditional cable market.
"The upcoming arrival of services like Disney+, Apple TV+, HBO Max, and Peacock is increased competition, but we are all small compared to linear TV. While the new competitors have some great titles (especially catalog titles), none have the varie...
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Netflix believes competition from Apple TV+ will grow its business
