Streaming service could lose up to 16 million subscribers to rivals, says analyst
Netflix is this year facing its sternest challenge since it embarked on the path to global streaming dominance, with a prediction it could lose 16 million subscribers to cash-rich rivals led by Disney.
This year marks the start of a worldwide streaming battle, with the biggest threat to
Netflix posed by Disney, which backed the US launch of its
Disney + service in November last year with the debut of the $100m
Star Wars spin-off TV series, The Mandalorian, seen as the biggest threat to the dominance of Netflix. Disney+, which has received a wave of free global publicity Thanks to the Mandalorian’s Baby Yoda sensation, amassed 10 million subscriptions on its first day. Analysts say Disney +, which launches in the
UK and Europe on 31 March, is set to put the global brakes on the relentless growth of Netflix.