The great Queen Elsa once said, “ Let it go, let it go/Can’t hold it back anymore/Let it go, Let it go/Turn my back and slam the door.” So will the heads of Netflix let it go?
Disney is eyeing the company for a possible purchase in the near future. The house of Mouse is truly reciting Queen Elsa’s song to Netflix. ESPN (which is under Disney’s wing of owned companies) subscription numbers have been gradually declining as of late, forcing the parent company to look for ways to stop the bleeding.
And Netflix may be the answer.
Disney is eyeing Netflix after the company crushed Wall Street’s expectations with its Q3 earnings and large international subscription numbers. Time will tell if this comes to fruition and we will keep you up to date on the possible deal and what this may mean for small businesses.