Netflix disappointed investors when the streaming entertainment giant reported domestic subscriber growth that missed forecasts for the third straight quarter, signaling continued weakness at home as the company supports leftist politics and faces increasing competition from Disney, Apple, and other studios.
“Little America,” a new series on Apple TV+, highlights stories about immigrants and refugees in the U.S. but spends a ton of time undermining America’s immigration enforcement and laws.
Oprah Winfrey’s forthcoming #MeToo documentary set to be released next year on Apple TV+ is already facing backlash, with music mogul Russell Simmons and rapper-actor 50 Cent stepping forward to accuse Winfrey of strategic omissions and outright falsehoods.
Netflix could lose as many as four million subscribers next year as the streaming wars heat up, giving consumers a wider array of cheaper alternatives for their subscription dollars, according to an analyst’s report.
Apple cautioned show developers for its upcoming Apple TV+ streaming platform not to anger China as part of the company’s efforts to heal a rift with Beijing, according to a recent report.
In a sign that the streaming wars are reaching a boil, the Walt Disney Co. is reportedly banning all advertising from Netflix across Disney’s entertainment TV properties, which include channels like ABC and the Disney Channel.
Apple is reportedly planning traditional theatrical releases for some of its feature films ahead of streaming — a move that is likely to endear the technology giant to cinema chains as well as prestige-conscious Hollywood talent.
At five and seven dollars each, Apple TV+ and Disney+ combined offer something brand new for only $12 per month, compared to Netflix, which now costs $13 a month.
Apple’s bottom line suffered as sales of its iPhone plummeted during the fiscal third quarter, dropping nearly 12 percent from a year ago as overall profitability for the company also took a hit during the period.
