Netflix Teams Up With Sony to Fend Off Disney+
If Netflix (NASDAQ: NFLX) has a weakness these days, it's that it lacks the kind of Hollywood blockbusters that streaming debutantes like Disney+ (NYSE: DIS) and AT&T's (NYSE: T) HBO Max are bringing directly to home audiences.
HBO Max scored a win with Godzilla vs. Kong in both theaters and at home as the action movie was released simultaneously through both channels. The movie brought in $48.1 million at the domestic box office in its opening five-day weekend, and it was the No. 1 movie on streaming hub Reelgood in the first quarter, according to data from the company's 2 million users.
Disney is hoping the same strategy will work for it this summer when it releases highly anticipated films like Black Widow and Cruella simultaneously in theaters and on Disney+.
Source Fool.com
