Netflix won round one of the streaming wars, and with very little competition. But as several new services prepare to launch next year, the end game is far from over. Audiences are about to face more choice — and may soon have to shell out more subscription fees depending on their interests, as content is splintered across more services.
Disney, Apple and WarnerMedia are expected to unveil their own over-the-top digital services next year, and there could be even more beyond that as conglomerates realize this may be their last chance to get their foot in the door.
This coming rush of competitors might explain Monday’s news that Netflix planned to raise another $2 billion in financing via new debt. That’s not a surprise: Netflix has publicly said in the past that it would raise additional debt to help fund its rapid growth — just as it has many times before.
Disney, Apple and WarnerMedia are expected to unveil their own over-the-top digital services next year, and there could be even more beyond that as conglomerates realize this may be their last chance to get their foot in the door.
This coming rush of competitors might explain Monday’s news that Netflix planned to raise another $2 billion in financing via new debt. That’s not a surprise: Netflix has publicly said in the past that it would raise additional debt to help fund its rapid growth — just as it has many times before.
- 10/23/2018
- by Michael Schneider
- Indiewire Television
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