How Disney and Netflix run their streaming services and their strategy for them couldn't be more different. Disney+ was always supposed to be a poison pill for the industry, everyone will try to compete against it and bleed out money perpetually.
Other way to think about it: to Netflix, streaming and content is the product. To Disney (especially with the promotion of Chapek over Mayer), it's just a marketing expense for Disneyland.
However, COVID really threw a wrench in that strategy. So it's going to be interesting to see how they attempt to pivot now that shareholders expect it to be the future of the company, whereas internally its literally a ghost town built by the lowest bid contractor.
Other way to think about it: to Netflix, streaming and content is the product. To Disney (especially with the promotion of Chapek over Mayer), it's just a marketing expense for Disneyland.
However, COVID really threw a wrench in that strategy. So it's going to be interesting to see how they attempt to pivot now that shareholders expect it to be the future of the company, whereas internally its literally a ghost town built by the lowest bid contractor.