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Netflix Not Concerned With New Streaming Services Coming From Apple and Disney

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Netflix isn't worried about the upcoming Disney+ and Apple TV+ streaming services from Disney and Apple, respectively, the company said today in its Q1 2019 earnings report. [PDF]

In the document, Netflix says that it's "excited" to compete with Apple and Disney, and that it does not feel that the new services will affect Netflix's growth because of the "differing nature" of the content offerings.

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Netflix says all streaming services will continue to grow as the market transitions away from the traditional cable viewing.
Recently, Apple and Disney each unveiled their direct-to-consumer subscription video services. Both companies are world class consumer brands and we're excited to compete; the clear beneficiaries will be content creators and consumers who will reap the rewards of many companies vying to provide a great video experience for audiences.

We don't anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings. We believe we'll all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing (similar to how US cable networks collectively grew for years as viewing shifted from broadcast networks during the 1980s and 1990s).
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According to Netflix, there is "vast demand" for watching "great TV and movies," with Netflix satisfying only a small portion of the demand. Netflix says that its streaming hours in the United States represent roughly 10 percent of total TV usage, giving it plenty of room to grow. Netflix also sees growth opportunities in other countries and on other devices like mobile.

In its quarterly earnings report, Netflix reported $4.52 billion in revenue, beating analyst estimates.

Both Apple and Disney are set to launch new streaming services this fall. Apple has not provided specific details on launch timing or pricing, but Disney recently said its new service, Disney+, will come out on November 12 and will cost $6.99 per month, well below what Netflix is charging.

Disney and Apple are investing huge amounts of money into original programming for their streaming services, and Apple has more than two dozen original TV shows and movies in the works.

Netflix recently increased its pricing. It costs $8.99 for a basic non-HD streaming plan, $12.99 for an HD streaming plan, and $15.99 for a "Premium" UHD streaming plan. Netflix also controversially ended AirPlay streaming support on Apple's iOS devices, citing Apple's plans to expand AirPlay to third-party devices and an inability to determine which AirPlay device is which as a reason why.

Article Link: Netflix Not Concerned With New Streaming Services Coming From Apple and Disney
 
Article Link
https://www.macrumors.com/2019/04/16/netflix-unconcerned-about-apple-disney-services/
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They shouldn't be concerned about Apple TV+ but they should be concerned about Disney+.

If you buy a yearly membership it's less than half the cost of Netflix. Meanwhile, Netflix is going to be losing a lot of their Disney shows. When you have access to Disney, Pixar, Marvel, and Star Wars—plus potentially Fox at some point—for half the cost of Netflix, with a ton of new shows and a large back catalog, it's going to be a lot of content and people will be thinking long and hard about whether they really need a Netflix subscription because they are already drowning in content.
 
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Why worry when you consume like 15% of the internets bandwidth. I don't know the real number but its a big number. They will be fine for a while still.
 
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If they keep raising prices they should be. I see no reason to keep paying more and more each year for something I only turn on when bored. I used to be fine with it because the Netflix Originals were pretty great, these days there aren't many shows that can keep my interest long enough to finish a season
 
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Netflix probably has a point, because there will be a difference of the various content offerings between Disney and Apple. But more importantly, this provides more options for the consumer and competition is very much relevant with streaming services.
 
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Apple couldnt build a proper laptop who cares about their streaming service? I can even tell you what Tim cook would say on stage... "It is the best streaming platform" Apple has ever created. Well yeah, but that does not say anything about Apple. Apple's biggest problem is they have been largely restricted by their owns ideas of shooting in the foot. Starting with a highend market is great but eventually you have to move into a mass market if you dont do that someone will come along and restrict your impact. And google did that with Android and so would every other company like Netflix will do to Apple. Yet Apple will never learn and i am sure they will try to sell this streaming service for $999 per year.
 
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Well, if every major film studio starts to launch its own subscription service, Netflix soon will only have their original content left.
 
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Netflix is so not concerned about Disney, they torched and canned all of their Marvel series, including the well-received and watched Daredevil, just to salt Disney:


Netflix is so not concerned about Apple, cutting Airplay support was just coincidence.
 
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I think Netflix better watch out. They are a great company but I feel like their new house branded shows aren't that great. I don't think Apple will be that big of a deal since just like Netflix, they don't have much of a legacy. But Disney on the other hand has nearly a century of material that is beloved by generations of people. Not to mention they own some very hot brands like marvel, fox and star wars. Good luck chuck!
 
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There's still a lot of content on Netflix that I like, so I doubt I'll cancel my subscription. I'll definitely be adding Disney, but unless they add original content that I like, then we'll see how long I stay.
 
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Honestly, once Disney+ launches, there is a very strong chance we will ditch Netflix and go with Disney+ instead, that is the majority of the content we watch on Netflix anyway, so them loosing it is a big problem.

Hopefully Netflix has learned from the mistakes Blockbuster made in how they dealt with Netflix and that they will do a better job at dealing with Disney+

I don't think Apple TV is going to be a very popular service nor have much impact, but Disney+ will.
 
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doomfront said:
If they keep raising prices they should be. I see no reason to keep paying more and more each year for something I only turn on when bored. I used to be fine with it because the Netflix Originals were pretty great, these days there aren't many shows that can keep my interest long enough to finish a season
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Gotta agree Netflix value proposition has really declined. When browsing their content I am just inundated with endless Netflix shows that are increasingly becoming mediocre...
 
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