The big gamble: Networks like Disney and WarnerMedia are launching their own direct-to-consumer services and, in some cases, pulling content from competing services (Netflix, etc.)
Estimated content spend from licensing:
1) Netflix — $5B
2) Amazon — $4B
3) Facebook — $1B
Disney will forgo ≈ $500M annually from Netflix alone.
Captain Marvel will be the first Disney movie to stream exclusively on Disney+.
Top content spenders according to RBC Capital Markets:
1) Disney — $23.8B
2) AT&T — $14.3B
3) Netflix — $14.0B
More #1: Reality Is Closing In On Netflix