Disney Is On Track to Dethrone Netflix in Streaming
Walt Disney (NYSE: DIS) blew away all expectations with its Disney+ streaming service, both its own and those of analysts. Subscriber counts the entertainment giant thought it would take years to reach occurred in just months.
Certainly the COVID-19 pandemic played a role in supercharging the numbers, as did the free trials Verizon offered for its subscribers and the low monthly subscription cost. But other services that also launched around the same time as Disney+ that enjoyed similar advantages didn't experience the same level of adoption among consumers.
Now, Disney+ is on target to catch up to and potentially surpass Netflix (NASDAQ: NFLX) as soon as next year.
Source Fool.com
