Netflix lost 200k subs last quarter and says it’s gonna lose 2m more in Q2.
Disney, despite admitting that growth could slow, just added 7.9m subs and projects to have 230m-260m by 2024.
You also have to consider that 50m+ Disney+ subs live in India, where they pay $0.76/mo. on average.
Netflix still holds streaming’s crown, but its tech company “it” factor is no longer a marked differentiator, and it’ll have to solve for growth in ways other than game shows about whether something is cake.
As for Disney, striving for profits while spending on growth is a noble task, especially when investors care about streaming profits more than ever.
And those are areas where Netflix simply can’t compete.
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