Most Disney+ Subscribers Are on Netflix Too
Disney+ (NYSE: DIS) has been growing at a blistering pace since its launch last month. The entertainment giant shared that more than 10 million members had signed up for the new streaming service at its launch last month. However, Disney promised to be tight-lipped about the service's growth following that announcement, saying it would only comment on subscriber growth in its quarterly earnings reports.
Nevertheless, investors have been perusing third-party data for clues about Disney+'s performance since. After all, the streaming service is not only likely to be a major driver of Disney's share performance in the future -- it could also impact rivals like Netflix (NASDAQ: NFLX).
New data from Cowen may present the most detailed picture yet of the evolving relationship between the two companies. According to the research firm's survey of 2,500 U.S. consumers, Disney+ finished November with 24 million domestic subscribers: much better than Wall Street's estimates, which didn't see the company reaching 20 million until next year.
Source Fool.com
