Movies & TV

The War Is On: Netflix, Roku & Disney Shares Drop Following Apple’s Cheaper Streaming Service Announcement

Shortly after the announcement of Apple‘s “cheaper streaming service” at its recent Keynote Event, Netflix, Roku and Disney all saw drops in their shares.

Although many already predicted that the launch of the service would shake up the streaming world, the main surprise came in the form of the staggering $4.99 USD price of the ad-free service.

Additionally, Apple noted that anyone that purchased a Mac computer, iPhone or Apple TV would receive one year of the Apple TV+ streaming service for free.

Netflix Roku Disney Stocks Apple Streaming Service Announcement + Amazon Prime Video Hulu HBO TV

With the announcement of Apple TV+, Disney stock took at 2.76 percent drop, Netflix saw a 3.25 percent, while Roku fell 12.62 percent. Roku saw the biggest fall because of its smart TV focus which will see direct competition from the seamless device integration of Apple.

Image result for Netflix roku and disney shares drop

Apple’s streaming service will be available on all of its devices via an app November 1.

Source: Hypebeast

If you have a story you want to share with Kuulpeeps and the world, please send us an email on editor@kuulpeeps.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

Kuulpeeps is a social news, lifestyle and entertainment brand for the young Ghanaian. Kuulpeeps is leading millennials through the journey of discovering news, engaging with content and interacting with one another through the use of tailored content platforms, social media executions and new media.

What started primarily as a campus focused site is growing into a media brand focused on satisfying the curiosity of young people across different geographic locations and lifestyles. Kuulpeeps seeks to be the leading content brand for youth interaction in Ghana and beyond.

Contact:

For sales inquiries: sales@kuulpeeps.com

To submit your articles or inquiries/reports to the editor: editor@kuulpeeps.com

To provide any other feedback: feedback@kuulpeeps.com

Copyright © 2019 Kuulpeeps.

To Top