Once the undisputed king of online streaming platforms, Netflix has in recent years had to contend with a growing number of competitors. Amazon, Hulu, and even Youtube have begun to produce and host content thay plays to now streaming-savvy consumers.
Now, Disney is set to enter the race. Disney+ will be the name of the mega corporation's new platform. In addition to producing original shows and movies, Disney+ will have exclusive rights to host both new releases and films from the Disney archive.
Avengers: Endgame, for example, will appear only on Disney+ once the platform launches in November of this year. In fact all Marvel films, which are owned by Disney, will appear only on Disney+.
This is bad news for Netflix. Not only will the company not be able to stream all future Disney films, it is set to lose all Disney films and shows currently available on its website. Some of the most popular content on Netflix is set to disappear.
To give you an idea of how grim this prospect is, consider the title of the article from Forbes that details the impending withdrawal of Disney content from Netflix: "Netflix Has 175 Days Left To Pull Off A Miracle... Or It's All Over."
RiskHedge also reports that the new Disney streaming platform will cost a fraction of the price a monthly Netflix subscription — $6.99, compared with as much as $14 for Netflix in Canada.
Forbes posits that it will be nearly impossible for Netflix to compete with Disney+, which, in addition to Marvel productions, will also have the Star Wars franchise and Pixar movies. Forbes anticipates that, as a result, many Netflix subscribers will cancel their subscriptions in favour of Disney+.
Disney+ launches on November 12, 2019. Netflix has until then to create a model for the future of its platform without Disney. Stay tuned for more information about the forthcoming arrival of Disney+.