Netflix conducted their Q4 2017 earnings call yesterday and during the call company CEO Reed Hastings stated they are not overly concerned with the upcoming 2019 launch of Disney’s new streaming service.
Netflix isn’t afraid of competition from Disney’s upcoming direct-to-consumer offering, executives told investors Monday. “We don’t see it as a threat to us any more than Hulu has been,” said Netflix CEO Reed Hastings during the company’s Q4 2017 earnings call. He added that he’d expect Disney’s service to be “very successful” because of the company’s brands and content.
“I know I’ll be a subscriber of it,” Hastings admitted.
And what of Disney’s decision to pull its content from Netflix such as their Marvel and Star Wars films? Does Hastings expect the loss of these high profile pieces of content to have a negative impact on their business moving forward?
Hastings also argued that Netflix won’t feel much of an impact of Disney movies disappearing from the service. “It’s great content, but we are able to grow without it just fine,” he said, adding that the current output deal had been limited to the United States.
