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Will This Mega Streaming Stock Spell Trouble for Disney and Netflix?

·3 min read
Will This Mega Streaming Stock Spell Trouble for Disney and Netflix?

Warner Bros. Discovery (NASDAQ: WBD) has announced it will merge its HBO Max and Discovery+ services into a new offering next summer. With this in mind, fellow entertainment companies Walt Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX) could face some serious competition. When HBO Max launched in May 2020, the streamer had the benefit of having well-regarded HBO shows such as The Sopranos, Veep, and Game of Thrones to help it out the gate.