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Netflix, Disney+ may get a boost from the coronavirus
Disney must be prepared to go against Netflix as Iger steps down
Bob Iger steps down as Disney CEO leaving his replacement to carry on a burgeoning streaming business. FOX Business’ Deirdre Bolton with more.
While many stocks have taken a dive amid what has become a global coronavirus outbreak, some analysts are predicting large streaming services like Netflix and Disney+ may see an uptick in subscriber counts and shares while more people opt to remain indoors and forgo more public entertainment like movie theaters, concerts and other crowded areas.
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NETFLIX DOMINATES TV VIEWING: NIELSEN
WALT DISNEY COMPANY
“If this coronavirus issue picks up steam a lot more than it has already and a lot of people aren’t leaving their homes or are fearful to leave their homes, it may be more likely to buy an over-the-top media subscription or pull like Netflix or a Disney+ or what have you,” Craig Huber, CEO and managing director of brokerage Huber Research Partners told FOX Business. "If you’re trapped at home you probably watch more television. And it might lead to more OTT signups, digital signups and stuff.”