A small number of Disney+ subscribers have already announced their intention to permanently ditch Netflix in favour of the Star Wars streamer.
According to a Bank of America survey of over 1,000 Americans, 6.5% of respondents using both Disney+ and Netflix said they only plan to keep the former.
A similar survey from Fortune found that Disney will chip away at Netflix’s base over the coming months, with 20% of Netflix users saying they’ve already subscribed to Disney+ while a further 19% are likely to subscribe in the next month.
Outside of just Netflix subscribers, the survey also found that 14% of Americans have already subscribed to Disney+ with 15% planning on subscribing in the next month. The results suggests an increase in interest in the streamer, with an earlier survey from Fortune before launch finding that 28% of respondents were likely to subscribe to Disney+.
Breaking down by generation, Disney+ is most popular with millennials, with 25% saying they have subscribed to the streamer. This is unsurprising as people from this age group, who grew up during the Michael Eisner-dubbed ‘Disney Decade’ of the 1990s, are the most likely to have young children and a large amount of nostalgia for the Disney content of their youth.
Only 10% of Generation X-ers said they have signed up while that drops down to 6% for baby boomers.
Similar to the Bank of America report, Fortune also said that 5% of Disney+ subscribers have cancelled Netflix since October.
The last bit of analysis comes from the research team at Cowen & Co, which estimates that Disney+ has amassed 24 million subscribers since launch – up from the previously estimated first five day total of 15 million.
The firm likewise predicts small but significant Netflix churn to boost Disney+. Cowen & Co. estimated that Disney+ will be directly responsible for a further 1 million US Netflix account cancellations, with the total losses for the quarter to sit at a little over 5 million.
For concrete numbers on Disney+, we will have to wait for Disney’s next quarterly earnings report.
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28 February 2021 @ 15:00:00 UTC