Netflix Says It's More Scared of Fortnite and YouTube Than Disney and Amazon

An anonymous reader shares a report: It's not Disney's new streaming video service or HBO or Amazon that Netflix is worried about, the company said this week in its letter to shareholders. Netflix estimates it has already earned about 10 percent of all U.S. television screen time. The company also shared viewership statistics for some of its exclusives, boasting that 'Bird Box' netted 80 million viewers in its first four weeks on Netflix, while 'You' will get about 40 million over the same period.

Instead, it's newer forms of entertainment -- such as Fortnite and Google's YouTube -- that got shout-outs in the company's letter as stronger competitors. 'Our focus is not on Disney+, Amazon or others, but on how we can improve our experience for others,' Netflix said in its shareholder letter. 'We compete with (and lose to) Fortnite more than HBO. When YouTube went down globally for a few minutes in October, our viewing and signups spiked for that time.' Further reading: Netflix's Biggest Competition Isn't Sleep -- It's YouTube.

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