I don’t think anyone doubted that Disney+ would eat at Netflix’s share of the market. The question was how much…
All things considered, IMO at least short term, this is actually a very good sign for Netflix…
The fact that a media giant like Fox can come in, offer everything they offer on Disney+, at half the cost of Netflix, and only take a hypothetical 6.5% of the share away should be more than acceptable. If this number was 40%, then I think there is cause for concern.
Fox offering Disney+, ESPN+, Fox, Hulu etc. in a low cost bundle is great… but my who wants to navigate and manage 3-4 separate accounts on 3-4 separate apps. It’s just a pain.
IMO – This is saying that an overwhelming majority of those who use both don’t see the value in only having Disney+. Could this change over time as the platform evolves? Sure. But the survey at least is showing that they have a long way to go.
>In fact, Bank of America found that, compared to its prior survey, overall cancellation intentions for Netflix fell slightly to 4% from 5%.
Positive for Netflix.
>“Our survey and company reports suggest healthy U.S. adoption of Disney+, but we are encouraged that most early Disney+ users do not see it as a substitute for Netflix,”
Positive for Netflix.
Disney+ has a TON of opportunity as a byproduct of Fox. But not in its current form.
IMO – The best part about Netflix is that it’s unmistakably one platform. You know what you’re getting, and they’re focus is there. It baffles me that Fox offers, Disney+, Hulu, ESPN+, Fox Sports etc. on separate platforms at different prices. Yes, they bundle them, but it’s still separate services to browse/log into and manage just to get fox owned content.
Just consolidate it into one with separate tiers/price points. Make it one service which can be navigated all at once. Let me multi-screen a Disney movie for my son while i watch a live sport (s) off to the corner. Let me jump out of a Marvel movie and right into live TV without having to exit an app and boot another or change inputs to an apple TV or another device.
If this were the case, good chance i’d drop netflix. But i flat out refuse to have to deal with managing separate streaming apps with different accounts and different billing cycles. It’s just some bullshit.
As a side note/edit: The playstation vue/Netflix combo was as good as it current gets for me. Once PS Vue closes, i’ll probably just replace it with Youtube TV. But i will not have 4 separate streaming services to cover what i want.