{"id":403992,"date":"2020-12-21T16:07:40","date_gmt":"2020-12-21T21:07:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403992"},"modified":"2020-12-21T16:07:40","modified_gmt":"2020-12-21T21:07:40","slug":"ceos-of-disney-roku-nextech-ar-netflix-and-fubo-discuss-the-new-streaming-paradigm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ceos-of-disney-roku-nextech-ar-netflix-and-fubo-discuss-the-new-streaming-paradigm\/","title":{"rendered":"CEOs of Disney, Roku, NexTech AR, Netflix and fubo discuss the new streaming paradigm"},"content":{"rendered":"<div class=\"mw_release\">\n<p>New York , Dec.  21, 2020  (GLOBE NEWSWIRE) &#8212; Tech Capital, the trusted source of technology news and analysis, is highlighting recent comments from CEOs at top streaming companies like Disney, Netflix, NextechAR, fuboTV and Roku.<\/p>\n<p>Streaming is reshaping industries at a record pace, from entertainment to events, and challenging the paradigm of long-held business models. Nowhere is this more evident than Warner Media\u2019s game-changing decision to drop its suite of blockbuster new releases onto the HBO Max platform \u2013 a big win for the streaming business and sending shockwaves through the establishment in the process.<\/p>\n<p>As 2020 draws to a close, the streaming business is poised to reach new heights. Tech Capital shines the spotlight on comments from leaders who are disrupting the year\u2019s most-watched tech sector.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AbTkl9f6VAY15Tz9t7tiILWIh60OYEuVuJabcjHUqCPpccah99hB3rxvYfjkoKco_RJqaj-m-MV8wy0oRllQRrrfWc605L9Aqm_dYJlsQ3mU7olJVhvqxPXKa7eLQEQ8\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><\/a>\n      <\/p>\n<p>\n        <strong>fuboTV Inc (NYSE:FUBO) David Gandler, co-founder and CEO: \u201cFirmly at the intersection of megatrends\u201d<\/strong>\n      <\/p>\n<p>\u201cQ3 was the strongest quarter in fuboTV\u2019s history, exceeding targets in all of our key metrics: subscription revenue grew 64% year-over-year, ad revenue grew 153% year-over-year and we ended the quarter with an all-time high of 455,000 paid subscribers. A heavy sports calendar, busy news cycle and Hollywood\u2019s fall entertainment season delivered many viewing options for consumers. We continued to grow fuboTV\u2019s premium, personal viewing experience with the launch of new product features and new programming including Disney Media Networks (ABC, ESPN, many more), MLB Network, NBC News Now and more.\u201d<\/p>\n<p>Added Edgar Bronfman Jr, executive chairman, fuboTV: \u201cOur successful public offering in October demonstrated confidence in fuboTV\u2019s strategy, and investor excitement has continued to grow. We believe fuboTV sits firmly at the intersection of three megatrends: the secular decline of traditional TV viewership, the shift of TV ad dollars to connected TVs and online sports wagering, a market which we intend to enter. As a result, we believe our growth opportunities are numerous. Our optimism in the future of fuboTV and the live TV streaming business has never been stronger.\u201d<\/p>\n<p>\n        <strong>Netflix Inc (NASDAQ:NFLX) co-CEOs Reed Hastings and Ted Sarandos: \u201cEmbracing the shift to streaming entertainment\u201d<\/strong>\n      <\/p>\n<p>\u201cCompetition for consumers\u2019 time and engagement remains vibrant. Linear television and other big categories of entertainment, like video games and user-generated content from YouTube and TikTok are all vying for consumers\u2019 attention and are strong drivers of screen time usage. We remain quite small relative to overall screen time.<\/p>\n<p>\u201cThis past quarter, we saw the debut of Comcast\u2019s Peacock, which comes on the heels of the launch of HBO Max and Disney+. Disney\u2019s recent management reorganization signals that it is embracing the shift to streaming entertainment. We\u2019re thrilled to be competing with Disney and a growing number of other\u00a0players to entertain people; both consumers and content creators will benefit from our mutual desire to bring the best stories to audiences all over the world.<\/p>\n<p>\u201cWe\u2019ll continue to focus on pleasing our members and improving our service as quickly as possible so that we can be everyone&#8217;s first choice for online entertainment.\u201d<\/p>\n<p>\n        <strong>NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) CEO Evan Gappelberg: \u201cThe future of events and experiences will be a hybrid model\u201d<\/strong>\n      <\/p>\n<p>NexTech recently announced the launch of ARoom, a collaborative streaming solution with artificial intelligence and augmented reality enhancements. ARoom integrates with NexTech\u2019s existing Virtual Experience Platform (VEP) and its ARitize software-as-a-service offerings, and the company plans to also offer ARoom as a stand-alone service similar to Zoom.<\/p>\n<p>AR and AI functionality will be available throughout the streaming interface, allowing for virtual and hybrid event experiences that break the confines of attendee computers and mobile devices, the company said. Without the need for a third-party provider like Zoom, NexTech will be able to incorporate AR into the streaming experience by utilizing presenter holograms, AR objects, AR filters similar to Snapchat and more.<\/p>\n<p>\u201cWe\u2019re thrilled to be adding the \u2018ARoom\u2019 streaming platform to our growing portfolio of event and experience management products. Having these technologies in house and built into our platforms will allow us to realize the power of AR features today and into the future as products like AR glasses become widespread. With this new streaming capability NexTech AR is well-positioned to become a leader in the growing virtual events space and is poised to grow rapidly as we move into 2021,\u201d said Evan Gappelberg, CEO of NexTech AR, \u201cThe future of events and experiences will be a hybrid model, incorporating both in-person and virtual elements and we\u2019re constantly challenging ourselves to offer our clients products and solutions that aren\u2019t just seamless and easy to use, but really provide a wow factor for event managers and attendees. We believe \u2018ARoom\u2019 will be that \u201cwow\u201d and a major game-changer for this industry both on our platform and as a stand-alone product.\u201d<\/p>\n<p>\n        <strong><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1auBJZkEcOXm76iVQpxtP9cpVkWBadKPZ0zzyWBQD2Tc4x1_1YGdTbhQ30nd5sV8xrN_pPgonIkZHJUj9i6YrM_lLzHEG8MO8jCvLKWsvpz1uT41jpa9j_XUibh73T_77Z49NPrdtLXkOOK72px_U9N3vVQ7Qi_dCJygCjl6qOyUgv7TyQc7SU5Dt_BGvA8wYNXSeW8XP5QjsuP-yiI8Db26hYhXusKaroKI9i0P9MM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Watch NexTech AR Solutions CEO Evan Gappelberg&#8217;s December 2020 Livestream Now<\/a><br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <strong>The Walt Disney Company (NYSE:DIS) CEO Bob Chapek: \u201cAudiences embracing high-quality streaming content\u201d<\/strong>\n      <\/p>\n<p>The response from consumers has been overwhelmingly positive. Everywhere that we\u2019ve launched Disney+, audiences have embraced the wide array of high-quality entertainment, both original and library content. I\u2019m pleased to report that, as of the end of the fourth quarter, Disney+ had more than 73 million paid subscribers \u2013 far surpassing our expectations in just its first year. And we\u2019re continuing to see positive trends.<\/p>\n<p>\n        <strong>Roku Inc (NASDAQ:ROKU) CEO Anthony Wood: \u201cServices that are adopting a growth-marketing mindset are winning\u201d<\/strong>\n      <\/p>\n<p>\u201cAs the ongoing COVID-19 pandemic continued to accelerate the shift of viewing away from traditional linear and pay-TV, we continued to invest in competitive differentiation and execute well against our strategic plan. During the quarter, we achieved a 43% year-over-year active account growth rate and doubled the active account reach of The Roku Channel. Despite continued uncertainties caused by the pandemic, we are pleased with the trajectory of our business and believe that Roku remains well-positioned to help shape the future of television \u2013 including TV advertising \u2013 around the world.<\/p>\n<p>\u201cAn important investment area for Roku is building valuable endemic content marketing and payment capabilities that help content publishers build and monetize large streaming audiences. Services that adopt a growth-marketing mindset and lean into these capabilities are winning.\u201d<\/p>\n<p>\n        <strong>TECH CAPITAL<\/strong>\n      <\/p>\n<p>Tech Capital is part of Proactive Investors, which is one of the fastest-growing financial media portals in the world, providing breaking news, commentary, and analysis on listed companies and pre-IPO businesses across the globe.\u00a0<\/p>\n<p>CONTACT<\/p>\n<p>TECH CAPITAL\u00a0<\/p>\n<p>+1 604 688 8158<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MrtqXKMaCma0tVRmhknt69dZmxZuUqT_OmzoK9Wlph6wKwLqIpm2vzg372wdN26NjU7PAXYXBXRYZqaIi0fxL5KW8-8oNov4OcMuU2TpYl8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>www.tech-capital.com<\/u><br \/>\n        <\/a>\n      <\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0NzI1MSM0MDA4NDIwNzMjMjE1Njk1MQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml-eu.globenewswire.com\/release\/track\/327bd736-fa44-400c-9ce8-b1d63b2e4d43\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York , Dec. 21, 2020 (GLOBE NEWSWIRE) &#8212; Tech Capital, the trusted source of technology news and analysis, is highlighting recent comments from CEOs at top streaming companies like Disney, Netflix, NextechAR, fuboTV and Roku. Streaming is reshaping industries at a record pace, from entertainment to events, and challenging the paradigm of long-held business models. Nowhere is this more evident than Warner Media\u2019s game-changing decision to drop its suite of blockbuster new releases onto the HBO Max platform \u2013 a big win for the streaming business and sending shockwaves through the establishment in the process. As 2020 draws to a close, the streaming business is poised to reach new heights. Tech Capital shines the spotlight on comments from leaders &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ceos-of-disney-roku-nextech-ar-netflix-and-fubo-discuss-the-new-streaming-paradigm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CEOs of Disney, Roku, NexTech AR, Netflix and fubo discuss the new streaming paradigm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403992","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CEOs of Disney, Roku, NexTech AR, Netflix and fubo discuss the new streaming paradigm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ceos-of-disney-roku-nextech-ar-netflix-and-fubo-discuss-the-new-streaming-paradigm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEOs of Disney, Roku, NexTech AR, Netflix and fubo discuss the new streaming paradigm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York , Dec. 21, 2020 (GLOBE NEWSWIRE) &#8212; Tech Capital, the trusted source of technology news and analysis, is highlighting recent comments from CEOs at top streaming companies like Disney, Netflix, NextechAR, fuboTV and Roku. Streaming is reshaping industries at a record pace, from entertainment to events, and challenging the paradigm of long-held business models. Nowhere is this more evident than Warner Media\u2019s game-changing decision to drop its suite of blockbuster new releases onto the HBO Max platform \u2013 a big win for the streaming business and sending shockwaves through the establishment in the process. As 2020 draws to a close, the streaming business is poised to reach new heights. 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Streaming is reshaping industries at a record pace, from entertainment to events, and challenging the paradigm of long-held business models. Nowhere is this more evident than Warner Media\u2019s game-changing decision to drop its suite of blockbuster new releases onto the HBO Max platform \u2013 a big win for the streaming business and sending shockwaves through the establishment in the process. As 2020 draws to a close, the streaming business is poised to reach new heights. 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