In 2021, the biggest US beneficiary of the streaming bonanza will be Disney. After a plethora of streaming competitors launched in 2020, Netflix still added a substantial number of subscribers. As impressive as Netflix’s sustained dominance was Disney+’s ability to quickly gain viewers. These developments show there’s room for multiple services to thrive in this fast-growing market.
But no other new US streaming service had a debut like Disney+ did—we estimate that it will reach 72.4 million US monthly viewers in 2020, its first full year in service. We forecast that more than one-fifth of the US population will use Disney+ this year, and in 2024, more than one-third will. So far, other streaming entrants suffered from distribution limitations, confusing branding, or a lack of quality programming. None of these problems have hampered Disney+, which will become the third most popular US streaming service by the end of 2024.
Netflix is committing $1 billion in production spend at its ABQ Studios in Albuquerque, New Mexico, along with plans to expand those studios, the company said.
In an announcement alongside New Mexico’s Governor Michelle Lujan Grisham and Albuquerque Mayor Tim Keller, Netflix’s chief executive Ted Sarandos said the company would add 300 acres to its existing space in ABQ Studios, creating one of the largest film production facilities in North America.
That means roughly 1,000 new production jobs in New Mexico over the next 10 years, the company predicted, and an additional 1,467 construction jobs to complete the expansion.
Maybe your state is staying closed. Maybe it’s opening back up, but you still don’t feel safe going out. Either way, movie nights with friends are still vital and most of the major streaming services have official and non-official solutions to facilitate them.
We’ve done a good deal of group streaming coverage at Mashable since the COVID-19 pandemic started, and the space has evolved greatly in just a few months. Arguably, the biggest developments have come from the streaming services themselves. Six months ago, the idea that Hulu and Amazon would officially let users join a remote watch party might have seemed unthinkable. Now, it’s a reality born from unfortunate circumstances.
We were promised robots everywhere — fully autonomous robots that will drive our cars end-to-end, clean our dishes, drive our freight, make our food, pipette and do our lab work, write our legal documents, mow the lawn, balance our books and even clean our houses.
And yet instead of Terminator or WALL-E or HAL 9000 or R2-D2, all we got is Facebook serving us ads we don’t want to click on, Netflix recommending us another movie that we probably shouldn’t stay up to watch, and iRobot’s Roomba.
So what went wrong? Where are all the robots?
Streaming TV, once heralded as a high-tech liberator that would save us from the headaches of big cable bundles, just got another big cable-like bundle yesterday with the launch of HBO Max.
WarnerMedia’s long-awaited rival to heavy hitters like Netflix and Disney Plus includes a broad mix of movies and TV shows from the Warner and HBO libraries, along with exclusive offerings you can find only on Max. It costs $14.99 a month and you can cancel it at any time.
Netflix grew by 8.8 million net subscribers in the fourth quarter of 2019, according to its latest earning report, putting its growth well ahead of its forecast of 7.6 million.
The company says it has 167 million paid memberships worldwide, with more than 100 million outside the United States. It also reported stronger-than-expected financials, with revenue of $5.47 billion and earnings per share of $1.30, compared to analyst estimates of $5.45 billion and EPS of 53 cents.
That’s all despite the launch of two major streaming services, Disney+ and Apple TV+, with more competition coming this year from WarnerMedia’s HBOMax and NBCUniversal’s Peacock.
If there were a stock market “hall of fame,” Netflix would be a shoe-in.
Its stock has soared 8,500%+ in the last decade as “streaming” video has caught fire.
Netflix achieved those gains by stealing tens of millions of customers from cable companies. Last year, half of Americans age 22–45 didn’t watch a second of cable TV. And 35 million Americans have dropped cable in the last decade.
But it’s time to come to terms with a sad truth…
Netflix’s glory days are over. And what’s coming next won’t be pleasant if you own Netflix stock.
So far, they’ve been right. Have you seen Netflix’s stock price? Holy cow. It has rocketed 8,300% since 2009, leaving even Amazon in the dust:
But don’t let its past success fool you.
Because Netflix is not the future of TV. Let me say that one more time… Netflix is not the future of TV.
Remember when Netflix used to be a DVD-by-mail company? Well, for 2.7 million subscribers in the US, it still is.
The familiar red envelopes have been arriving in customers’ mailboxes since 1998 and helped earn the company a healthy $212 million profit last year.
Why are so many people still using this old-school service in the age of streaming? There are a number of reasons.
New York (CNN Business)”Friends” will be there for you on Netflix through 2019, but the minor internet meltdown over a rumor that the show was leaving goes to the heart of the biggest question about Netflix’s short-term future: What happens if and when its competitors pull their most popular content from Netflix to make it exclusive to their own streaming services?
One show might not make a difference, but Disney and WarnerMedia, both of which are launching streaming services next year, hold the key to a huge trove of content that lives on Netflix. WarnerMedia’s “Gilmore Girls” and “The West Wing” and Disney’s “Grey’s Anatomy,” for instance, all had big fanbases when they lived on their respective networks and are now big draws for Netflix.