Netflix and the streaming wars, checkpoint 01
A promising start.
As the global TV industry continues to shift toward internet streaming and away from cable and satellite distribution, one big question is whether Netflix will become the world’s single dominant streaming service or simply one of many popular services.
We won’t know what sort of competition the fabled “streaming wars” will really look like for a while. But Netflix reported (pdf) its financial results Tuesday, its first since Disney+ and Apple TV+, two new high-profile streaming services, launched in the US late last year.
And while Netflix reported “low membership growth” in the US and Canada — which it blamed on recent price increases and “competitive launches” in the US — it also showed no signs of imminent collapse. (It also never hurts a giant tech company these days to be able to argue it has new competition.)
Hi, I’m Dan Frommer and this is The New Consumer, a publication about how and why people spend their time and money.
I’m a longtime tech and business journalist, and I’m excited to focus my attention on how technology continues to profoundly change how things are created, experienced, bought, and sold. The New Consumer is supported entirely by your membership — join now to receive my reporting, analysis, and commentary directly in your inbox, via my twice-weekly, member-exclusive newsletter. Thanks in advance.