Netflix Says Things Will Be Just Fine Without Disney
Last month, Netflix (NASDAQ: NFLX) released its first earnings since Disney (NYSE: DIS) announced that it would pull its beloved content from the streaming site after 2018 to start a competing service.
When Disney made the announcement in early August that it would be ending its deal with Netflix in 2019, investors were concerned for the streaming giant. Not only will Netflix lose compelling and beloved content from its site, it will also have to fight off another competitor in the streaming space.
On the company's recent earnings call, Netflix CEO Reed Hastings made it clear that the streaming site doesn't need Disney. In fact, the company's international growth has been promising, despite it only offering Disney content in the Netherlands, Australia, and Canada.
Source: Fool.com
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