By Aaron Task The video streaming wars went into overdrive this week. The Walt Disney Company (NYSE: DIS) launched its new service, Disney Plus, on November 12.
The conventional wisdom says Disney’s combination of price and quality content is bad news for Netflix (Nasdaq: NFLX).
However, I don’t believe this is a winner-take-all scenario. A recent Wall Street Journal and Harris Poll survey found Americans are willing to spend $44 per month on streaming services – meaning they can afford two or three different ones.
Still, Disney’s new service costs just $6.99 a month, which seems like a bargain compared with $12.99 for Netflix’s most popular …read more
