“Many people who get Disney+ will cancel or stop using something else as a result, but I don’t know that Netflix will be most vulnerable,” analyst Jon Giegengack tells TheWrap
If Netflix is worried about the armada of new streaming competitors coming its way, its executives didn’t show it on Wednesday when the company reported its third-quarter earnings.
In fact, the biggest takeaway was Netflix’s defiant tone. Is the company concerned about Disney+ and Apple TV+ — both launching next month — as well as HBO Max and NBCU’s Peacock luring away viewers? No, not really. Is Netflix worried it won’t be able to raise prices, since these new entrants are priced so far below its Standard and Premium packages? Nope, that’s not a concern, either.