Disney shares drop 2 percent on Netflix and Amazon Prime Video

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Disney shares drop 2 percent on Netflix and Amazon Prime Video

Rival streaming platforms like Netflix Inc., Amazon Prime Video and Apple TV have had different approaches. While the company Barclays analyst Kannan Venkateshwar appears to be targeting one new piece of content a week, not every piece of content has the same franchise value or visibility, Disney analyst Disney said.

Disney shares, which have not been downgraded by any brokerage thus far this year, fell about 2% in early trading.