The Streaming Leaders Are Pulling Away From the Competition
While most subscription video on-demand services saw an increase in streaming hours over the last couple of months as consumers stayed home, three services outpaced the rest of the growing group of competitors. Netflix (NASDAQ: NFLX), Amazon (NASDAQ: AMZN) Prime, and Disney's (NYSE: DIS) Disney+ all grew their share of streaming hours between February and mid-May, according to data from Comscore.
Streaming competitors aren't standing still, though, and consumers are seeing more and more premium content show up on competing streaming services. That's emphasized by a couple of high-profile launches this summer in HBO Max and Peacock from AT&T and Comcast, respectively.
Even so, the prospects are good that Netflix, Disney, and Amazon will continue gaining share of streaming hours through the rest of the year. But the reasons for each service's continued success varies.
Source Fool.com
