Netflix shares jump as subscribers grow ahead of Disney, Apple attack
Wednesday, 16 October 2019 Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter but issued a soft forecast on Wednesday as it faces new competition from Walt Disney Co and other big companies in the streaming video wars.
Netflix added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars. Jillian Kitchener has more.
Disney+ launched two days ago to more than 10 million subscribers, indicating the streaming wars are still gaining steam. As streaming services battle it out, technology and strategy consultant Michael..