Netflix’s ‘Competitive Moat': Can Streaming Giant Spend Rivals Like Disney and Apple Into Oblivion?

Netflix’s huge outlay on original programming and classic shows could be impacted by new competitors

Netflix just laid down the gauntlet, essentially telling its competitors: Catch us if you can.

The streaming heavyweight is now on the verge of hitting 150 million global subscribers, Netflix reported on Tuesday, giving it a formidable lead on new challengers like Apple and Disney that have announced plans to enter the streaming race later in the year. Netflix has built that lead in large part thanks to heavy investment — with $15 billion earmarked for content in 2019 alone — but can that breakneck spending continued unabated?

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Sean Burch

Tech reporter • • @SeanB44