Netflix CEO Reed Hastings Getty Images for NetflixNetflix shrugged off the competitive threat posed by Apple and the Walt Disney Co., both of which unveiled rival subscription streaming services in recent weeks. Netflix reported record 9.6 million subscribers in the quarter that ended in March. Netflix reported its earnings a week after Disney saw a favorable stock market bump following the unveiling of its Disney+ service. He argued that there’s ample appetite for great movies and TV shows, and Netflix only satisfies a portion of that demand. As Netflix looks to expand its subscriber base outside the U.S., Hastings touted the service's local program offerings.

Source: Forbes April 16, 2019 21:10 UTC