Published: Tue, March 26, 2019
Technology | By Nina Perez

Netflix passes on being part of Apple's subscription service

Netflix passes on being part of Apple's subscription service

The company also plans on producing original content with a sizeable budget that reportedly starts at $1 billion.

STREAMING GIANT Netflix has confirmed that it won't be part of Apple's incoming video service. Alongside offering commissioned content, it's believed that Apple will be using the new platform as a content aggregator.

Netflix, however, won't be a part of this as it wants people to watch its shows on its own platform.

Hastings also said he expected Netflix, like other US technology companies, to be blocked in China "for a long time".

The firm plans to let customers sign up for subscriptions to those services from within the TV app, and will take a cut of revenue from those subscriptions.

But, he added, "we will make this a better industry if we have great competitors". "I have no idea what they're doing until we see it", Ted Sarandos told Deadline today of those companies' upcoming platforms.

Details about Apple's new video play, to be revealed on Monday, are scarce, but one cat's already out of the bag: Netflix won't be joining the party.

Casey holds slender lead at Valspar Championship
But Casey's lone bogey came on his closing ninth hole, finding bunkers with his first two shots and missing a six-footer for par. Nick Taylor of Abbotsford, B.C., was the low Canadian, firing a 70 to head into the third round tied for 23rd at 1-under par.

However Munster said although some streaming services have higher subscriber counts than others, no clear leader will emerge amongst the field.

Gervais plays the main character, Tony, in the show's six-episode first season, which debuted March 8 on the streaming service.

"We've always had massive competitors", Hastings said.

Netflix will be besieged, not only by new rivals, but also by the loss of Disney and Time Warner content. But Netflix will not appear on a new streaming service due to be announced by Apple at a launch event on March 25.

The CEO downplayed an expected increase in competition from Apple and others such as Disney and Facebook that are expanding in the streaming video market.

Netflix's decision not to participate was widely expected.

Like this: