Netflix obtains exclusive rights to stream new Pokemon series
Barely had Netflix (NASDAQ: NFLX) CEO Reed Hastings reported that his company blockbuster results for the first quarter of 2020 that he began to comment on his rival Disney‘s (NYSE: DIS) Disney + service. Calling Disney’s ability to grow rapidly to reach 50 million subscribers in just six months, “superb,” Hastings said, “I take my hat off to them.”
That doesn’t mean, however, that Netflix won’t compete. Indeed, Hastings announced that Netflix is ”giving our kids, family content and animation a boost” to compete with its new rival, spending up to $ 1 billion a year or more on the development of new issues.
Just this afternoon, Netflix revealed how it plans to get many of those subscribed customers back, or at least try to get them to pay for a second service. In cooperation with Nintendo (OTC: NTDOY) Pokemon affiliate, Netflix says that on June 12, 2020, it will begin streaming the final season of the Pokemon animated series exclusively on Netflix.
Currently, Pokemon animated shows can be viewed on services such as Disney XD, Cartoon Network and streaming at Amazon (NASDAQ: AMZN) Prime Video, as well as the ability to watch previous seasons on Netflix.
Now all “upcoming seasons of the iconic Pokémon animated series will stream exclusively on Netflix in the US” Starting with “the first 12 episodes of the new 23rd season” in June, Netflix will debut “additional new episodes” of Pokémon Journeys: The Series … quarterly on Netflix throughout the season. “
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.