Netflix Isn’t Feeling Disney+ Impact Yet: Report

By Daniel Frankel
last updated

Netflix’s internal data indicates no acceleration in subscriber cancellations, Bloomberg says

With more than 10 million consumers signing up for Disney+ at launch, Netflix has yet to feel an impact.

That’s from a Bloomberg report, which cites an unnamed Netflix source as saying there has been no uptick in Netflix subscriber cancellations, per company metrics.

The news is pertinent to investors. Netflix stock has dropped 15% since July, with Wall Street concerned that the No. 1 streaming service’s growth will be impaired by not only the launch of Disney+, as well as Apple TV+, HBO Max and Peacock.

Netflix CEO Reed Hastings has said there is room for both the $6.99-a-month Disney+ service and Netflix, which is priced at $12.99 a month for its most popular tier.

The launch of Disney+ has been nothing short of a phenomenon, with the service’s first flagship original show, Star Wars franchise show The Mandalorian, ranking as the top show on U.S. television during its first week, according to data gathered by Parrot Analytics. 

(Image credit: Parrot Analytics)
Daniel Frankel
Daniel Frankel

Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!