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Stock impact report

Disney+ has a big fan: Netflix CEO Reed Hastings [CNBC]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: CNBC
A scene from "The Mandalorian," an original Star Wars TV series that will stream on Disney+.Source: DisneyNetflix"Over 20 years of watching different businesses -- incumbents like Blockbuster and Walmart and all these companies -- I've never seen such a good execution of the incumbent learning the new way and mastering it," Hastings said during Netflix'sfirst quarter earnings conference call50 million subscribers"To see both the execution and the numbers line up, my hat's off to them," Hastings said. "Great execution, clarity around brand and focus really makes a difference."Hastings is one of the world's experts on disruption, having successfully defeated Blockbuster and the video rental business with a novel mail-DVD service before upending the traditional pay-TV ecosystem with lower priced streaming video. Netflix announced today it had 183 million global customers, up 15 million subscribers in the first quarter.While incumbents often struggle to transform their businesses, a topic Show less Read more
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