Has Disney+ become the Netflix killer that many envisioned it to be?

Disney's own streaming service, Disney+, was launched only a week ago on vember 12, 2019. platform is currently only available in United States and certain or countries and has t yet been launched in India. However, upon its release, many experts predicted that Disney+ would severely affect stocks of Netflix. w, a week after its release has Disney+ really done any dam to Netflix's stock and subscriber count as predicted?

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Disney+ vs Netflix

Upon its release, Disney+ boasted a large number of movies and TV shows. It has 300 movies ranging from ir latest releases to ir oldest films such as 1937's Sw White and Seven Dwarves and also has around 7000 TV episodes. Disney+ also promised a slew of new original shows connected to ir popular franchises such as Marvel and Star Wars. y have alrey started releasing episodes for ir latest original show, Mandalorian. However, while se numbers might seem impressive at first glance, y still do t hold a torch to amount of content available at Netflix.

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Even before its launch, Disney+ h over 1.9 million subscribers but that number is t even 3% of subscriber count that Netflix has. On first day of its launch, Disney+ gained a total of 10 million subscribers, though that number might be inflated due to many using free trial. It remains to be seen if number will remain same after free trial ends. Netflix, on or hand, has around 150 million subscribers worldwide. However, Netflix has vant of time, platform loyalty, as well as availability. Disney+ might be able to reach comparable numbers over years if ir platform remains popular and gets a global release.

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As for stocks, Disney's shares have risen by 8% since launch of Disney+. Netflix has also recovered from an initial slump and ir shares are w up by 3%. Investors for both platforms have stated that y believe two might be capable of coexisting safely.

Chief investment strategist at Baker Avenue Asset Manment, King Lip said that what his children watched on Netflix was t same as what y watched on Disney+. He ded that market has started to appreciate both platform and are buying into both companies. Baker Avenue itself owns shares at both Disney as well as Netflix.

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