Netflix Share Value Drops By 5 After Disney Plus Announcement
In Disney’s case, the announcement of its live streaming platform saw the company’s market value shoot up by as much as US$25 billion (~RM102 billion). One other contributing factor to Netflix’s drop in share value could possibly be Disney+’s subscription fee. Come its launch on 12 November 2019, potential subscribers will only need to pay US$7 (~RM28) per month or US$70 (~RM288) yearly. That’s considerably cheaper than Netflix’s current subscription rate of RM51 per month....