Netflix Is Fueling Its Disney+ Defense With Debt
Netflix (NASDAQ: NFLX) has a big challenge ahead of it. When Nov. 12 rolls around, Disney (NYSE: DIS) will launch Disney+, the most qualified "Netflix killer" the streaming video space has ever seen. Disney is building its new streaming brand on its established media properties, and Netflix is staring down the prospect of facing off against Star Wars and Marvel Studios armed with little more than the promise of future seasons of Stranger Things.
Netflix's content library will be larger than Disney+'s, but Netflix is undeniably short of big-time franchises. Netflix is clearly feeling the heat, and the company is responding by making major investments in content and other areas -- fueled by some big-time debt.
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Source Fool.com
