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Disney empire strikes back in streaming wars

Streaming leader Netflix has about 195 million subscribers at the moment. The House of Mouse is putting up a lot of cash in a bid to overtake it.

Walt Disney laid out its plans to dominate the streaming wars in a four-hour-long investor day presentation late last week. The House of Mouse is putting up a lot of cash.

It expects to double annual spending on original streaming content to $US15 billion ($20.9 billion) by 2024 and increase original series and films to the tune of 100 a year. It has a new target to sign up 300 million streaming subscribers in three years.

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    Original URL: https://www.afr.com/companies/media-and-marketing/the-disney-empire-strikes-back-in-streaming-20201213-p56n1t