Is Netflix More Recession Resistant Than Disney?

The free cash flow has been significant. There's still ability for Disney raised prices there. I think that the ad spend will hold up better than what we've seen for some of the social media stocks, for instance. Netflix is clearly more recession resistant than Disney. We're talking about a platform that costs somewhere between $6.99 ad supported and $20 premium versus an experience that costs thousands of dollars. So Disney to me looks like a tougher name in the intermediate term than Netflix. That's why I prefer NFLX right now.