The crunch year for Netflix
Now that Disney has launched its own streaming service, the investors in Netflix are wondering whether this company would be able to maintain its growth rate or not. The fact that Disney+ was able to get 10 million customers in just one day after debut has also jolted the confidence of these investors. Some experts have estimated that this new streaming service could end 2019 with nearly 25 million subscribers. Netflix investors are waiting for 21 January when Disney+ announces its results for the 4 th quarter of 2019. They will know then whether the gains of Disney+ are at the expense of Netflix or not. This is the reason why this last quarter of 2019 is so crucial for the future of Netflix. According to a study done by a market intelligence company, Disney+ app has been downloaded more than 22 million times by the customers. Netflix help centre remains unperturbed, saying it has not seen any impact on the performance of the company so far. This report confirms the fact ...