• Netflix Could Spend $30 Billion USD Annually on Streaming Video Content

    5 monthes ago - By Hypebeast

    Leading analysts had noted that Disney's current stock price and plans means that the company could dominate video streaming, should they enter the market. RBC Capital Markets' Steven Cahall said in a recent statement that Disney has the means to become "arguably the world's leading content company.” Disney is currently waiting for regulatory approval on its deal with 21st Century Fox, which owns Hulu and that deal could end with Disney spending $30 billion USD annually on video-streaming content.
    This move would put Disney far ahead of Netflix , who have a spending budget of $8 billion...
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