Right on Schedule, Here's the Streaming Boom

The COVID-19 pandemic has been nothing short of devastating. More than 33,000 people have died of COVID-19-related causes as of this writing, and that number is only increasing. Self-isolation, quarantines, and government-mandated shutdowns are keeping people indoors, triggering a massive wave of job losses and disastrous consequences for a wide range of businesses, including restaurants, bars, movie theaters, and brick-and-mortar retailers. The market has reacted accordingly.

In all of this, though, there might be a silver lining for streaming services such as Netflix (NASDAQ: NFLX) and Disney-owned (NYSE: DIS) Disney+. Experts had predicted that streaming demand could rise under these stay-at-home conditions, and now, it appears the promised industry boom has arrived.

Image source: Getty Images.

Continue reading

Source Fool.com