If one thing is clear about the business of entertainment, it is that streaming is the future. It makes sense that some of the biggest companies are joining Netflix and Hulu in the business. Disney and Apple are due to release streaming services in November, and HBO and NBC will follow in the Spring of 2020.
With all of these business giants competing with each other, they will have to produce high-quality content. Netflix, the original streaming service, has created hits such as Stranger Things, Orange is the New Black, and many more. Amazon Prime has Emmy-winning Fleabag, just as Hulu has The Handmaid’s Tale. But what will these new streaming services bring to the table?
Disney Plus, Disney’s streaming service, will bring new Marvel and Star Wars series, as well as nearly all of their movies and TV shows. Apple TV Plus, Apple’s streaming service, brings new series such as The Morning Show, starring Jennifer Aniston and Reese Witherspoon, and Dickenson, which stars Hailee Steinfeld as poet Emily Dickinson. NBC’s Peacock will feature iconic shows such as Parks and Recreation. Even a reboot of The Office is rumored.
The number of streaming services that are popping up can be both good and bad for consumers. On one hand, the competition will force companies to keep prices low and quality high. On the other hand, customers will now have to pay for multiple services if they want to find out how Stranger Things ends on Netflix and watch The Mandalorian on Disney Plus.
Part of what made Netflix so successful was its convenience. Subscribers could have cheap movie nights or binge their favorite TV shows with just a monthly fee. Now, people will have to choose or pay multiple fees.
The advent of these high-profile streaming services also spells trouble for the more established services. Netflix will lose some of its most-watched content. The Office will go to Peacock, Friends will go to HBO’s service, and all Disney, Marvel, and Star Wars content will eventually go to Disney Plus.