It has been reported that Netflix is feeling the pressure in the streaming wars, with Disney poised to win the battle in the new market.
Porter Bibb, from Mediatech, recently said to FOX Business that ‘They’re going to be maybe four companies that survive’.
He went on to highlight problems with Netflix’s business model, saying that ‘In five years they’ll have maybe 150 million global subscribers and so will Disney.
‘But the difference is, Disney is making a profit and Netflix never has. Somebody else is going to have to take over Netflix.’
Ampere has reported that over 300 million households across the globe have access to a Netflix subscription, in part due to more partnership deals with pay TV companies.
However, it can’t be ignored that Disney generated 10 million subscribers on its first day of launch.
