Did Netflix Just Say "Checkmate" to Disney? Why Investors Should Pay Attention to the Streamer's New Concept
Two of the biggest media companies in the world are The Walt Disney Company and (NASDAQ: NFLX).
For years, just mentioning the word "Disney" brought to mind the company's global theme park business. However, a few years ago Disney decided to branch out from its core businesses and compete with Netflix more directly.
The company launched its own streaming service called Disney+, a move that forced Netflix's hand when it comes to creating enticing original content. While the two media giants have been fiercely competing with one another in streaming for years now, I think Netflix may have just conjured up an idea that even Disney's famed creatives didn't see coming.
Source Fool.com
Netflix Inc. Stock
€611.40
1.420%
Our community is currently high on Netflix Inc. with 81 Buy predictions and 7 Sell predictions.
With a target price of 643 € there is a slightly positive potential of 5.17% for Netflix Inc. compared to the current price of 611.4 €.
