Netflix says it's not worried about Disney or Apple encroaching on its turf — there's plenty of growth to go around as people abandon linear TV
div > div.group > p:first-child"> Netflix called out the two new streaming services, both which plan to launch later this year, in its quarterly shareholder letter accompanying its Q1 '19 earnings report.
Netflix's premise is based in the belief that consumers will continue to"migrate away from linear viewing, similar to how US cable networks collectively grew for years as viewing shifted from broadcast networks during the 1980s and 1990s." Netflix's strategy has been to offer a linear streaming service filled with both original content and licensed shows from other programmers. Netflix may spend up to $15 billion on content this year, according to some analyst estimates.
Netflix is counting on its larger offering to buffer it from competitive streaming services which may fill niches but won't replace it.
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