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It’s not HBO. It’s ‘Fortnite’ that worries Netflix

bizjournals Monday, 21 January 2019 ()
Netflix Inc. added a record number of paid subscribers in the fourth quarter, but that’s not the only tidbit that the streaming giant shared in its earnings report. The company posted net income of $134 million, or 30 cents per share, on revenue of $4.2 billion. Netflix (NASDAQ: NFLX) also revealed more viewing numbers for “Bird Box” as well as other titles, how much of their TV time Americans spend on the service, and what it considers to be its biggest competition. Here are three insights…
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News video: It's Fortnite vs Netflix in a battle for eyes

▶ It's Fortnite vs Netflix in a battle for eyes 02:09

Fortnite is battling media titans into a corner, with the smash hit game probably bringing in more in sales than any Hollywood movie last year. Netflix said this week that it is threatened too, in the fight for viewers’ attention. Reuters Breakingviews' Robyn Mak explains why both traditional movie...

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