Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Netflix tumbled 4.5% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. The drop shed more than $7 billion from Netflix's market value, though it is up 13.6% over the past 12 months.
While some analysts seem less concerned that competition from Disney+ will be a significant hit to Netflix's business, investors may still be uneasy with the entrance of a cheaper service with a huge library of time-tested content. Disney+ subscriptions will give consumers access to exclusive content for $6.99 per month or $69.99 for a full year, compared with Netflix's standard plan offering of $13 per month, recently raised from $11. Shares of Disney soared 9% Friday.
Disney+ and Netflix could certainly coexist in consumers' library of streaming services. Disney CEO Bob Iger made clear that the new service is aimed at kids, saying that other offerings like sports and adult content are available on their other services like ESPN+ and Hulu.
"Bottom-line, Disney+ features family content, while NFLX offers a much broader range of content with the majority of the most-searched content on the platform." analysts from SunTrust wrote in a note Friday. "As such, we do not view Disney+ as a strong alternative to NFLX."
The analysts added that in a recent survey conducted by the firm, only 8% of existing Netflix subscribers who responded expect to switch to Disney+, while 59% expected to continue to subscribe only to Netflix. Twenty-four percent of respondents expected to subscribe to both services, according to the survey.
Disney+ could actually be a positive for Netflix, the analysts wrote, since the entrance of a new streaming player could further "accelerate cord-cutting."
Still, other analysts see a significant threat in Disney's offering. Mark Mahaney of RBC Capital Markets told CNBC on Friday that Disney has a "major advantage" over Netflix because it does not need to spend much to build up its already-full content library.
"There is going to be pressure here on Netflix to continue to differentiate their service with more and more original content spend, that's the major advantage ... that Disney has — they've got a back catalog," he said. Still, Mahaney said he still believes consumers will be willing to sign up for both services if they're both robust.
"We did our survey work here, we think the vast majority of consumers are perfectly willing to sign up for more than one service," Mahaney said.
— CNBC's Eustance Huang contributed to this report.
Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.