Netflix chief executive Reed Hastings spoke of competition from the video game sector this month as he discussed the quarterly results from the company with 140 million worldwide subscribers. A billion hours of television content is watched daily in the US, and Netflix accounts for about a tenth of it, according to Hastings. While people have a wide array of entertainment options, television streaming services such as Hulu, HBO Now, and Amazon Prime are more viable threats to Netflix, the analyst reasoned. He placed rival television streaming services at the high end of the competitive spectrum for Netflix, while Fortnite along with Facebook Watch and YouTube were at the low end. Despite the competition, streaming television market leader Netflix is in a strong position, according to the analyst.

Source: Dhaka Tribune January 27, 2019 15:22 UTC