Home Business & Finance Disney’s Streaming Service Might Get More Customers than Previously Thought

Disney’s Streaming Service Might Get More Customers than Previously Thought

Disney’s Streaming Service Might Get More Customers than Previously Thought

Although we will have to wait couple more months before getting a glimpse into Disney’s upcoming streaming network Disney+, a recent report from Wall Street investment bank UBS has indicated that the streaming service might attract more subscribers than previously thought.

According to the report,  the firm conducted an internal survey in which more than 43 percent participants revealed that they were interested in subscribing to the Disney’s streaming service. While people’s interests in the upcoming network isn’t surprising considering the amount of contents Disney currently own, the figure is significantly higher than previously thought. Previously, analysts predicted that Disney will have a 20 to 30 percent share in the streaming market.

While we will have to wait to find out how the new network perform against Netflix, previous reports indicated that Netflix will lose at least few million subscribers following the launch of Disney+. According to analyst Ben Swinburne, Disney+ will have a total of 13 million subscribers by the end of next year and up to 90 million by the end of next year. Most importantly, the company will have more than 130 million subscribers if calculated Disney+ with ESPN+ and Hulu subscribers all together.

Despite that, if you have kept up with the news related to the upcoming release, then these numbers shouldn’t be too surprising. Disney+ will debut with just $6.99 per month which is considerably less than other streaming networks’ subscription prices. On the other hand, while Netflix is dependent on producing shows based on direct investments, Disney already has more than enough contents to start a streaming network. The studio already has a number of series in works including characters directly from MCU.

Moreover, with the predicted figures, it’s likely that the company will heavily invest in production given it receives the number of subscribers mentioned earlier. At the moment, we will have to wait to find out more as we move closer to the release date of Disney+.

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