Netflix (NFLX): Netflix is the world’s largest video streaming service by subscriptions. In addition to providing access to variety of movie and TV shows, NFLX also creates its own exclusive content. It’s recently released “Squid Game” had with mind-boggling 142m member households globally choosing to watch the title in its first four weeks. The series was rated the #1 program in 94 countries (including the US).
The Walt Disney Company (DIS): Disney’s direct-to-consumer (DTC) services comprise Disney+, Hulu and ESPN+. Disney+ has reached 116m subscribers as of 3QFY21, just a little less than two years following its launch. DIS is one of the world’s largest content owners through brands such as ABC, ESPN, and 21st Century Fox. Its film and TV series franchises include Star Wars, Marvel Cinematic Universe, as well as stories from Pixar and Disney Animation Studios. With DTC revenues accounting for about a quarter of revenues and growing at 57% yoy as of last quarter, the segment is and will continue to be an important source of growth for the company. Disney reports quarterly results on 10 Nov.
Spotify (SPOT): Spotify is the world’s biggest music streaming service by number of subscribers. It 321m monthly active users and 172m subscribers. On top of subscriber growth and price increases, SPOT’s ad-supported revenues are a key area of growth for the company – growing at a pace of 75% yoy in 3Q.