Disney, Marvel, Pixar, Star Wars: CEO Bob Iger says Disney's streaming service will be able to compete with Netflix
Publishing timestamp: 2018-02-06 23:05:04
Summary
Disney CEO Bob Iger believes that the company's upcoming streaming service will be able to compete with Netflix due to its ownership of valuable properties like Marvel, Pixar, and Star Wars. By offering exclusive content, Disney can focus on developing existing franchises and originals without the need to outbid other companies in content spending. This news caused Netflix shares to drop, but Disney is confident in the success of its streaming platform.
Sentiment: POSITIVE
Keywords: media, walt disney co, entertainment, business news, netflix inc, technology,