Netflix will have stiff competition with Apple TV + and Disney +

Right now the company might be about to face its biggest drop in a long time.

During the conference Royal Television Society, which was dated September 20 in England, specifically Cambridge. Reed Hastings, the CEO of the company Netflix was participating; he took the opportunity to talk about what is coming within this huge industry of Streaming directed to videos; where soon, or rather, in a few months, large and somewhat aggressive new platforms such as they are will be launched in this market; Apple tv + and, with this Disney +.

Reed H. said a few words about that, making it clear that these new platforms Apple Lossless Audio CODEC (ALAC), and Disney they will bring with them a new world of competition. He also said it could drive up production costs, because all these new companies will be looking to release completely new and original content. Right here I take advantage and named his series "The Crown"; which has a budget of more than one hundred million dollars for each of the seasons and mentioned that at some point this series could seem like a “bargain”.

How are Netflix shares?

The reality of this platform is that it is having a rough year; where the price increases in its recent productions and its great loss of consumers in United States They have done nothing more than put the company in trouble and have managed to question whether it is doing what is necessary and correct by spending so much capital on completely original series that the public that it has managed to keep so far may not delight.

Read also: Mercedes Vision EQS: a 100% electric car.

For now and with the tie of these three servers Streaming, which will start this year with Dinesy + hitting the market on November 17 and Apple TV + even closer with a date scheduled for 1 of the same month. The CEO is fully aware that he could be facing the toughest competition he could have and more with these recent losses.