Netflix is the undisputed leader in streaming television with some 140 million paying subscribers in 190 countries and territories and hit shows like"The Crown,""House of Cards" and"Stranger Things".
That marked growth of nearly 50 per cent for the service launched in 2008 by the major TV and film studios to compete with Netflix.But a big question is how the shakeup in the media industry will affect Hulu. Disney now owns 60 per cent of Hulu following a deal with 21st Century Fox, with Comcast's NBCUniversal holding 30 per cent and AT&T's WarnerMedia 10 per cent. With each of these firms moving into their own streaming services, Hulu's future is uncertain.
Amazon may be less vulnerable to new competition because its revenue base comes from the broader base of services and not streaming.Now the biggest powerhouse in the media-entertainment world, Walt Disney will be launching its Disney+ streaming service this year. Some analysts predict Disney will be able to ramp up globally to compete with or overtake Netflix within a few years but the transition to streaming means moving away from its longtime business model.Telecom giant AT&T acquired the media-entertainment giant Time Warner and renamed it WarnerMedia, with the intent of moving into streaming with the rich content assets of Warner Bros studios, premium channel HBO and Turner broadcasting.
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