With the Launch of Disney+, Is Streaming Becoming Too Crowded?

Disney+, a new video-on-demand streaming service launched by the Walt Disney Co (NYSE: DIS), launched recently to great fanfare. Just hours after its launch, some customers complained of problems with the service, and many were forced to exit the app and try again. Disney released a sparkling announcement just one day after Disney+ went live, proudly announcing that it had reached a "major milestone" with 10 million sign-ups . The stock surged to a new all-time high on the news, but my colleague Danny Vena warns that this may only be the initial surge, as Disney+ is offering a 7-day free trial.

Cable TV now seems like a distant memory from an antiquated era, as more and more people around the globe are signing up for on-demand movies and TV series. As binge-watching is rapidly becoming a favorite pastime and more and more money is being sunk into creating original content for audiences, it begs the question: "Is streaming becoming too crowded for comfort?"

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Source Fool.com