It may be true. I do not subscribe to many services, but Netflix has much more new and diverse content.Of all the streaming services I've used, Disney Plus had by a large margin, the least new content. Note: I'm in Europe so perhaps less available here in the first place!?
Disney has made many mistakes here.Their main draw had always been their massive back catalog. It’s unrealistic to expect Disney to pump out new marvel and star wars at the same pace that Netflix puts out new shows. As it is, people are already getting marvel / star wars fatigue.
I think Disney made the mistake of entering the streaming space in the first place. When you keep churning out content, the franchises start to lose what made them appealing in the first place.
There’s also less reason for people to catch the latest Disney movie at the cinema if they know it will eventually come to their streaming platform (I haven’t watched a marvel movie since endgame).
And when people tire of your franchises, your merchandise and theme parks also suffer. It’s a vicious cycle.
Disney also loses the money they could have made from licensing their content to other services like Netflix.
I get the appeal of having an evergreen library of child-friendly content that parents can use to babysit their children. Problem is - the current economics simply aren’t working out.
Maybe the right play is to simply not play and shutter the service entirely?
The first perhaps was to enter the streaming space, as you mentioned. This was a big mistake.
Everyone was trying to cash out on streaming video services, and everyone wanted exclusive content to not fall into the problems faced with music streaming. The problem is, each exclusive show may cost dozens and perhaps hundreds of millions of dollars, and they must keep coming out frequently. People will not subscribe to multiple streaming services for long, because it is expensive and they do not even have the time to watch everything available. How is this thing going to pay off for Netflix, Disney, HBO, Amazon, Apple, Paramount, Lionsgate, and many more, each needing hundreds of millions of subscribers to justify its high costs?
It was doomed from the start, and it is absolutely incredible that so many large companies, supposedly run by smart people, were caught in this trap which was so easy to see from the beginning.
The second mistake Disney made was perhaps the quality of new shows. They focused on blockbuster Marvel and Star Wars shows, which were very expensive to make. People eventually get tired of this. Disney has so many properties, but they insist on Marvel and Star Wars. Of course, there is fatigue. Then, every new show has to be hugely expensive and a blockbuster. Willow, for instance, is an interesting property, but it does not have to turn into a bland and uninteresting blockbuster show.
Plus, the shows, even the blockbuster ones, are not very high quality. The storylines are mostly poor. A few Disney+ series were nice, but most of them are just over-expensive meh stuff. Whenever I watch Disney+ shows lately, they seem to float around the very same themes as if screenwriters were tied up. Netflix series tend to be much more interesting in this respect. Some of them are European productions that do not have to follow Disney's strict corporate guidelines to please every board member, so the stories are more fluid even when the shows are less elaborate.
I think Disney+ will survive with multiple changes, but not being the cash cow it was originally thought to be. But most of the streaming services will shut down.Netflix has won the streaming wars. Disney will eventually shut down its service and become an additional cost Netflix add on where it will get some money to subscribe, some money per stream and some money from ads. They will steal it all from the artists except give them a small per stream amount