Netflix and others are losing movies and TV shows to startup streaming services owned by content providers. Will music catalogs become fragmented in the same way?
Netflix
Netflix ($NFLX) is an international, subscription-based television and movie service based in Los Gatos, California. The company operates a global streaming service with thousands of TV shows and movies, including some originals, as well as a direct-to-home DVD rental service. As of July 2020, the company had 190 million subscribers worldwide.
Disney has halted Netflix ads on ABC, ESPN and Freeform as it seeks to ramp up its own streaming TV service, according to Dow Jones.