Netflix CEO Reed Hastings praises Disney's streaming service: 'I've never seen such a good execution of the incumbent learning a new way'
in just six months since the service debuted in November. Hastings called the rapid accumulation of subscribers "stunning." Disney+ costs $6.99 per month and is the home for Disney's large archive of movies, including Marvel, Pixar, and Star Wars films, along with other original content.
"To see both the execution and the numbers line up, my hat's off to them," Hastings said. "Great execution, clarity around brand and focus really makes a difference." Hastings is one of the world's experts on disruption, having successfully defeated Blockbuster and the video rental business with a novel mail-DVD service before upending the traditional pay-TV ecosystem with lower priced streaming video. Netflix announced today it had 183 million global customers, up 15 million subscribers in the first quarter.
While incumbents often struggle to transform their businesses, a topic detailed in Clayton Christensen's "
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