Netflix Loses Subscribers As Disney+ Catches Up: Here’s How The Major Streaming Services Are Faring So Far This Year (2024)

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Netflix Loses Subscribers As Disney+ Catches Up: Here’s How The Major Streaming Services Are Faring So Far This Year (2024)

FAQs

Did Netflix lose subscribers to Disney plus? ›

Netflix Losing Streaming Dominance to Disney Plus, HBO Max, Apple TV Plus. Netflix has lost a giant slice of its mindshare to competitors in recent years, leading to big changes — and opportunities — for subscribers.

Why is Disney+ losing subscribers? ›

The drop in Disney+ subscribers was mainly driven by a decrease in Disney+ Hotstar subscribers. The international streaming service, available in India and parts of Southeast Asia, saw a decline of 3.8 million subscribers, down from 61.3 million subs in the previous quarter.

Why is everyone leaving Netflix? ›

So why did Netflix lose subscribers? The subscriber loss "seems to be due to increased competition from other streaming services, adverse global economic circ*mstances, and the fact that the company already has a very high level of subscribers," says Ferran G.

How many subscribers does Disney plus lose? ›

Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service's first decline since launching in late 2019 — while the Mouse House's quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney's theme parks.

Is Netflix declining in popularity? ›

In short, Netflix (NFLX) is seemingly back to growing after watching its stock and reputation take a hit all year due to subscriber losses. It currently has 223 million subscribers worldwide.

Is Netflix sharing going away? ›

On January 31st, 2023, Netflix updated its FAQ page with new details on the password sharing crackdown: "Who can use a Netflix account: Anyone in your household (those who live with you at your primary location) can use your Netflix account.

Are people getting rid of Disney Plus? ›

During its Q1 2023 earnings report (opens in new tab), Disney confirmed that Disney Plus lost subscribers for the first time in its history. Between October and December 2022, the streaming platform's global user base shrunk by 2.4 million.

Does anyone still watch Disney Channel? ›

In the United States, back in 2014, the Disney Channel had almost two million average viewers in the United States, but yearly declines in viewership persisted and by 2021 the network had just 233 thousand average viewers across the year.

Has Disney Channel ratings gone down? ›

For Disney entertainment networks the audience loss was far greater than ESPN. In 2011, the Disney Channel ranked second among all cable networks averaging 2.65 million viewers in primetime. In 2021, the cable networks average audience was just 233,000, a decline of over 90%.

Why is Netflix struggling? ›

The streaming pioneer has been reeling under strained consumer spending, rising costs of financing production and increased competition from Disney+ and Amazon Prime. It had pinned its hopes on the launch of the ad-supported tier, but analysts say they have not seen a burst of subscriptions.

What is happening with Netflix in 2023? ›

Netflix today said that it plans to roll out paid sharing "more broadly" in the first quarter of 2023, expanding a crackdown on Netflix accounts that are shared between multiple households.

What is happening with Netflix? ›

We are not currently experiencing an interruption to our streaming service. We strive to bring you TV shows and movies you want to watch, whenever you want to watch them, but on very rare occasions we do experience a service outage.

Did Disney Plus change ratings? ›

Disney is now asking subscribers to select content ratings for all users in their family. Starting 16 March 2022, when you open the Disney+ app, you'll be asked if you want to change your content rating from TV-14 (few restrictions) to TV-MA (no restrictions).

How many people are using Disney Plus right now? ›

Disney+ Statistics 2023 (Top 10 Picks) Disney+ has 164.2 million subscribers across 100+ countries as of 2023. Since its release, Disney+ has been downloaded over 200 million times. Disney+ is expected to overtake Netflix as the most popular SVOD service in the globe by 2026.

How many subscribers does Netflix have? ›

Netflix annual subscribers 2011 to 2021 (mm)
DateSubscribers (mm)
201799.04
2018124.35
2019151.56
2020192.95
8 more rows
Jan 31, 2023

Why are people unsubscribing to Netflix? ›

As some find the shows less appetising and have their household budgets squeezed, and with Netflix's Covid boom over and rivals trying to cook up a better offering, it seems our streaming tastes are changing.

How many people are quitting Netflix? ›

Netflix has started 2022 out rough. In the first quarter, the streaming giant reported losing 200,000 subscribers, marking the first time it lost subscribers in over 10 years. On top of that, Netflix expects to lose another 2 million more subscribers in the second quarter of 2022.

Is Netflix in trouble financially? ›

Netflix shares are off 70% this year, due in large part to the streaming-video company's disastrous first-quarter earnings. Among other things, Netflix lost 200,000 net subscribers in the March quarter—and projected losing two million more in the current one.

Who has more subscribers Disney plus or Netflix? ›

While Disney arrived much later on the scene compared to Netflix, it didn't take long for Disney's platforms to gain traction. And as of Q2 2022, Disney's streaming empire (Disney+, Hulu, and ESPN+) has more combined subscribers than Netflix, and are gaining at a rapid pace.

Why has Netflix lost subscribers? ›

Why Netflix Suffered Subscriber Losses? Netflix revealed that it had lost 1 million members for the first time in two decades; it claimed that it was a result of rising inflation and increasing competition in the streaming market. Price increases are also the reason behind the loss of Netflix subscribers.

Is Disney plus becoming more popular than Netflix? ›

The Walt Disney Co. said its three main streaming services — Disney+, ESPN+ and Hulu — have grown their subscriber numbers to more than 235 million as of October 1, or above Netflix's 223 million subscribers.

Is Disney pulling content from Netflix? ›

Walt Disney Company confirmed that it will remove its Star Wars and Marvel films from Netflix alongside its Disney and Pixar films, and will put them on its upcoming streaming service.

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