In an interview with Variety, Netflix CEO Reed Hastings admits it’s a “whole new world starting in November,” with the launch of Apple TV+, Disney+ and other new streaming services.
"It'll be tough competition," Hastings told Variety. "Direct-to-consumer [customers] will have a lot of choice."
Hastings said Netflix will continue to focus on producing original content, although it faces stiff competition in that arena as well. Netflix bid on the rights to the hit comedy series "Fleabag," but lost out to Amazon, he added.attract international users . In a note to clients on Friday, Evercore analysts said new app store data show international downloads have risen only 5% year over year, compared with 21% growth in July and August.
Netflix shares reacted to the note by sliding as much as 6% Friday morning. So far this year, the stock has lagged behind its peers in the technology space, including
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