Big guns are coming for Netflix

LONDON — The online video-streaming service Netflix, which many or should I say most of us access for a binge watch of a favourite series or movie has had little competition over the last years. It has been the reigning media stock in the S&P 500 Index for six of the last eleven years and its gain so far in 2019 is 37%. But serious competition is coming with the announcement that Walt Disney, Apple and AT&T, which now owns WarnerMedia will begin to roll out their own Netflix-like products. And just to give you an idea of what that means; in the case of AT&T, it now has HBO in its stable which is a major draw card for viewers of “Game of Thrones”. When Apple announced its streaming service, it brought in Steven Spielberg and Oprah Winfrey for the launch. Some may say Netflix is so far ahead, it is like Usain Bolt at his best smiling for the cameras as he breaks another world record. But Laura Martin, a senior entertainment analyst at Neeham & co told Bloomberg’s Lisa Abramowicz and Paul Sweeney that Netflix could be in for serious competition… - Linda van Tilburg