Netflix CEO Tells Investors Not To Worry About Disney Leaving

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1 year ago

Disney Says Goodbye To Netflix

Netflix is no longer the only streaming service king on the block. Disney announced this week that it will be creating its own streaming service, and will be pulling off all Disney content from Netflix.

Wait…so we have to buy ANOTHER streaming service? Though consumers may be frustrated, Neflix CEO Reed Hastings isn’t concerned over this sudden change.

Hastings said in a statement that Disney is a significant company, but Netflix has done very well internationally without Disney. So from a world view, the split doesn’t appear to bother Hastings and he told investors not to worry. Well, that may be so for Netflix investors, but perhaps Netflix users will feel differently.

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