Pre-market;
- Netflix: up $4.40, up 0.70%
- DIS: down 2.2%; down $3.80
Streaming wars: tracked here.
- analysts suggest Disney struggling with subscriber numbers -- CNBC.
- Disney shares under pressure
- is Wall Street too optimistic on Disney+
Spending: previously posted, simply a reminder:
Netflix has said it intends to spend $17 billion to produce content in 2021. While reports in 2017 said Apple was spending just $1 billion on its initial slate of original content, by 2019 the tech giant had reportedly increased its original content budget to $6 billion to compete with the bigger streaming giants.
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