Netflix Reportedly Lost Over A Million Subscribers To Disney Plus In One Month

The streaming competition between Netflix, Disney Plus, Amazon and the many other platforms available to viewers is only going to become tougher in 2020. It’s been about a month since Disney Plus launched and despite some technical teething problems, it’s quickly generated a healthy subscriber base, as well as a lot of buzz about The Mandalorian and a certain green character. While Netflix are still the undisputed heavyweight of the streaming market, they may be worried about reports that over a million subscribers have defected to Disney Plus in its first month.

According to The Hollywood Reporter, a study by investment bank and financial services company Cowen & Co. found that 19.4 million of Disney Plus’ approximately 24 million US subscribers also have Netflix. However, the same report indicates that 5.8% of those surveyed have already cut ties to Netflix, which represents about 1.1 million people. Netflix shouldn’t be too concerned, though, as they gained 7.6 million new subscribers in the fourth quarter of 2019, and it was always likely that there’d be some people who’d switch their subscription due to the hype around Disney Plus.

Going into 2020, Netflix are continuing to invest heavily in their exclusive original content, including the soon-to-premiere The Witcher, the returning Stranger Things and many (many) more programs. Of course, Disney Plus have put a lot of budget behind The Mandalorian and their Marvel series slate, but according to another survey, the most-viewed content on the service so far have been Disney Classics. Apparently, Disney Plus originals currently only account for 2% of content being watched, with Star Wars material at 21% and Marvel at 15%.

 

What do you think? Let us know and don’t forget to subscribe to The Nerds Take 2 YouTube channel!