Overall having multiple streaming services is good for a platform company, which Apple is. They can continue to develop software and services which simplify managing multiple such streaming offerings. Better than having a couple of dominant services that can go their own way and not play nice with the platform providers.
Wow! The stock market reacted very negatively to this in after market trading.
It seems investors think Disney and Netflix are stronger together. Both their stock took a tumble!
I can understand Netflix stock being harmed, but it's irrational (what else is a surprise) that Disney stock should be affected.
I think Wall Street investors are always ready to piss themselves and knee-jerk over the slightest thing...weather, traffic, when it takes Starbucks longer than usual to deliver their latte, etc.
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Or you could just read a book, for example.