Which partly explains why Netflix CEO Reed Hastings has been widely quoted as saying that he’s more concerned with the competitive risk of massively networked, interactive experiences like Epic Games’s Fortnite than Hulu or HBO Max or any other traditional broadcaster.

At first glance, Disney+ seems a lot like Netflix: pay a monthly price, and get access to a bunch of different shows. However differences quickly become apparent:

In a world where many consumer platforms are distributing content primarily through online channels, creators and communities hold tremendous power in distribution through social platforms. They are our curators* in an increasingly noisy online experience. At the same time, consumer preferences are shifting to online experiences that are more immer... See more