Will Spotify and Apple lose music the way Netflix has lost movies and shows?
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 ($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 January 2023, the company had over 231 million subscribers worldwide.
(Source: Company earnings report, updated January 19, 2023)
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?
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.