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NewsBreak: Disney to Ban Netflix Ads as Streaming War Heats Up - WSJ

Published 10/04/2019, 10:38 AM
Updated 10/04/2019, 10:49 AM
© Reuters.

© Reuters.

Investing.com - Disney is to ban ads for Netflix (NASDAQ:NFLX) from all of its channels, the Wall Street Journal reported, as the rivalry between the two gets increasingly direct. Disney announced it will launch its new streaming service, Disney+, in November.

  • The news comes a day after the WSJ also reported Disney's arguing with Amazon.com (NASDAQ:AMZN) over how much advertising Disney content should carry on Amazon's Fire streaming devices.

  • Walt Disney (NYSE:DIS) shares up 1.0%; they're up 18% year to date.

  • Netflix (NASDAQ:NFLX) shares down 0.1%. They've fallen 10% this year as others have encroached on its turf.
  • Latest comments

    This is stupid. Cable cutters have enough discretionary income to afford multiple streaming products. most have Amazon Prime because of the shipping bonus anyway. Apple TV, Disney, and Netflix will only cost $30 a month. They were paying $100 a month for satellite or cable.
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