If we were to speak economically, we could state that Netflix is currently experiencing a technical recession, which is characterized by textbook definitions as occurring after two consecutive quarters of declining GDP.
We are discussing two quarters in the example of Netflix where the subscriber base appears to be decreasing.
The Netflix platform, which has until now dominated the streaming business, is losing the interest of viewers of video material.
Disney’s empire is expanding on all fronts, while Netflix’s appears to be falling apart.
Someone else “around the corner” always wins big when one loses.
A growing number of customers are apparently turning to Hulu, ESPN+, and Disney+ to take advantage of deals and projects that match their needs and expectations.
Disney accomplished the amazing feat of adding no less than 14.5 million customers in just the previous quarter.
Since here is where the majority of the new fans from, it appears that this monster has truly conquered the American market.
Hulu and ESPN+ perform similarly.
Recent statistics show that each has 46.2 and 22.8 million subscribers, respectively.
Disney has a total of 221.1 million subscribers in its portfolio, surpassing Netflix, which came in second with only 220.7 million.
Sadly, Netflix’s new development plans aren’t going well at all.
For instance, Netflix’s debut into the gaming business launched much more slowly than what the network’s subscribers had anticipated.
According to an investigation by Apptopia for CNBC, Netflix games have reportedly been downloaded 23.3 million times overall and average 1.7 million players per day.
