Disney+ isn’t even two months old yet but it’s already starting to make significant waves in the streaming industry.
It would appear that the success of ￼Disney+ has come at the success of Netflix which has reportedly lost a million subscribers due to Disney+.
According to Cowen & Co., an estimated 5.8% of Netflix users elected to cancel their subscription in favour of Disney+. However, Netflix is still gaining more subscribers than it lost.
Keep in mind, these aren’t official numbers from Disney or Netflix and we’ll probably hear more when the current fiscal quarter ends.
Officially we know that Disney+ added a staggering 10 million ￼subscribers during the first 24 hours.