Netflix stock (NSDQ: NFLX) has taken a fall as of the time of writing, down 3.5 percent.
Netflix ancestry tanks by over 3.5 percent following Disney streaming price announcement. Is Apple playing a role in the run out of steam? Chart: Yahoo Finance
Why do people want another streaming service?
Many streaming niches are already drenched. Disney streaming offers a low-cost option for kids’ shows and movies. Some parents may watch content strain The Simpsons with or without their kids. Most content on Disney+ targets children. The underserved kids market sells Disney+ strong upside potential.
Any of the content on Disney+ will be downloadable, meaning kids can take their favorite delight anywhere without costly phone service fees—something parents will appreciate.
Disney now owns Fox Average and all of its subsidiaries, ESPN, A&E (a 50 percent share), and all of their catalogs. Disney recently purchased the Marvel catalog, Feature Wars, and more. They will be expanding these series with live action and animated series.
It tarries to be seen if Disney streaming can kill Netflix. Without adding more adult content and risking dilution of the stage, Disney+ May not be able to take market share away from Netflix, but they can certainly eek out advantage with their mingled controlling share in Hulu and a kids’ specific streaming platform when it launches in November 2019.