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Netflix Claims ‘Fortnite’ Is a Bigger Competitor Than HBO

January 17, 2019 / Todd Spangler

It may be mostly gamesmanship, but Netflix says it’s not really focused on rival streaming-video services from Amazon, Hulu, Disney, WarnerMedia or other big players as much as improving its own service to win share of consumers’ attention.“We compete with (and lose to) ‘Fortnite’ more than HBO,” Netflix told investors in its quarterly letter for Q4. “There are thousands of competitors in this highly fragmented market vying to entertain consumers and low barriers to entry for those great experiences.”Epic Games’ “Fortnite” certainly has been a knockout hit. The online-game title generated $2.4 billion in revenue for 2018, per estimates from industry analyst firm SuperData, with some 200 million players.YouTube remains a significant rival in Netflix’s eyes. When YouTube suffered a global outage for about 90 minutes in October 2018, according to Netflix, it saw a spike in viewing as well as customer signups. Relative...