Will Netflix Subscribers Ditch Its Streaming Service For Disney+?
In a recent survey by “Streaming Observer” (an independent site that covers streaming technology) Netflix (NFLX) is expected to see a reduction in its subscriber base if Walt Disney (DIS) launches its streaming services Disney+ in November. Netflix which currently has a paid subscriber base of 60 million in the United States, may suffer cancellations reducing its subscriber base to 51 million.
According to the survey, 12% of the subscribers said they would prefer Disney+ over Netflix, & change is in mind & expected. However, 2 percent of the users assured that they would discontinue Netflix after the launch of Disney+. Families with kids were more in favor of Disney+ as compared to Netflix. Subscribers to be charged $7 per month by Disney+ in comparison to $9 charged by Netflix.
Netflix apparently will not be losing sleep over these survey results and showed its willingness to compete with any upcoming streaming service. As per reports, the company stated “We don’t anticipate that these new entrants will materially affect our growth because the transition from linear to on-demand entertainment is so massive and because of the differing nature of our content offerings,”
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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