Disney, Netflix and Warner Bros.
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For years, the streaming wars have centered around Netflix ( NFLX) and Disney ( DIS ). However, the next big competitor for your TV time may not be a pure-play streaming service. Meta Platforms ( META) is pushing its ubiquitous Instagram Reels onto TV screens with a brand new app set to launch on Amazon’s Fire TV devices.
Walt Disney Company (NYSE: DIS) and Netflix Inc (NASDAQ: NFLX) reported quarterly earnings that exposed two entertainment giants moving in opposite directions. Disney beat EPS estimates at $1.11 versus $1.
Disney CEO Bob Iger strategically stepped in with some opinions of his own about Netflix and Paramount's battle to acquire Warner Bros.
Reports suggest Netflix's wanted to acquire EA and Disney before going after Warner Bross; gave up over internal conflicts.
Before Netflix bought Warner Bros., the streaming giant reportedly had its sights set on another major studio: Disney. According to a new report from Bloomberg, Netflix had previously considered buying Disney, along with a number of other media companies, but had always ultimately decided against it.
The inevitable part is that Disney CEO Bob Iger hinted several weeks ago something like this was coming, and most smart money had it involving OpenAI; the kind of social virality Iger suggested fit squarely with what OpenAI has been good at with the likes of Sora and ChatGPT.
Disney's deal with OpenAI and Sora stunned Hollywood, but it's part of Bob Iger's long-time playbook, investing in new tech, then figuring out how to make money from it.
6 new movies and shows to watch this weekend on Netflix, Prime, Disney Plus, and more (December 5-7)
George Clooney's new Netflix movie and Michelle Pfeiffer's Christmas comedy are among this week's best streaming titles
One of the only movies to make $2 billion at the box office just made its way back to Netflix's streaming lineup.