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

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.

netflix 1
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).

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.

Top Rated Comments

macduke Avatar
65 months ago
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.
Score: 19 Votes (Like | Disagree)
guesswholikesyou Avatar
65 months ago
They probably should be. They're charging twice as much and losing a good chunk of their content.
Score: 12 Votes (Like | Disagree)
NufSaid Avatar
65 months ago
Blockbuster not concerned about Redbox.

Nice knowing ya Netflix.
Score: 11 Votes (Like | Disagree)
Jaylay14 Avatar
65 months ago
They shouldn't be concerned about Apple TV+ but they should be concerned about Disney+.
I was going to say the exact same thing. I can totally see myself switching from Netflix to Disney+ the second it comes out.
Score: 10 Votes (Like | Disagree)
UndefinedxJoker Avatar
65 months ago
Disney made a brilliant move pricing Disney+ so low. A lot of people will think "Wow that is really cheap for all that content" and sign up. Then they'll probably raise the prices over the years and most won’t have a problem with it.
Score: 6 Votes (Like | Disagree)
cmwade77 Avatar
65 months ago
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.
Score: 6 Votes (Like | Disagree)

Popular Stories

reset password request iphone

Warning: Apple Users Targeted in Phishing Attack Involving Rapid Password Reset Requests

Tuesday March 26, 2024 4:34 pm PDT by
Phishing attacks taking advantage of Apple's password reset feature have become increasingly common, according to a report from KrebsOnSecurity. Multiple Apple users have been targeted in an attack that bombards them with an endless stream of notifications or multi-factor authentication (MFA) messages in an attempt to cause panic so they'll respond favorably to social engineering. An...
iPhone Home Screen Gradient Blank Spaces 1

Sources: iOS 18 Lets Apps Be Placed Anywhere on Home Screen Grid

Sunday March 24, 2024 1:33 pm PDT by
iOS 18 will give iPhone users greater control over Home Screen app icon arrangement, according to sources familiar with the matter. While app icons will likely remain locked to an invisible grid system on the Home Screen, to ensure there is some uniformity, our sources say that users will be able to arrange icons more freely on iOS 18. For example, we expect that the update will introduce...
iPad Pro 2024 Landscape Camera Feature

New iPad Pro Again Rumored to Feature Landscape Front-Facing Camera

Monday March 25, 2024 5:43 am PDT by
The next-generation iPad Pro will feature a landscape-oriented front-facing camera for the first time, according to the Apple leaker known as "Instant Digital." Instant Digital reiterated the design change earlier today on Weibo with a simple accompanying 2D image. The post reveals that the entire TrueDepth camera array will move to the right side of the device, while the microphone will...
maxresdefault

Apple Announces WWDC 2024 Event for June 10 to 14

Tuesday March 26, 2024 10:02 am PDT by
Apple today announced that its 35th annual Worldwide Developers Conference is set to take place from Monday, June 10 to Friday, June 14. As with WWDC events since 2020, WWDC 2024 will be an online event that is open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. WWDC 2024 will include online sessions and labs so that developers can learn about new...
sonoma desktop wwdc

Apple Releases macOS Sonoma 14.4.1 With Fix for USB Hub Bug

Monday March 25, 2024 10:10 am PDT by
Apple today released macOS Sonoma 14.4.1, a minor update for the macOS Sonoma operating system that launched last September. macOS Sonoma 14.4.1 comes three weeks after macOS Sonoma 14.4. The ‌‌‌‌macOS Sonoma‌‌ 14.4‌.1 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. There's also a macOS 13.6.6 release for those who...
Generic iOS 18 Feature Purple

iOS 18 Will Finally Bring This Android Feature to iPhone

Monday March 25, 2024 6:42 am PDT by
iOS 18 will allow iPhone users to place app icons anywhere on the Home Screen grid, according to sources familiar with development of the software update. This basic feature has long been available on Android smartphones. While app icons will likely remain locked to an invisible grid system on the Home Screen, our sources said that users will be able to arrange icons more freely on iOS 18....
apple maps 3d feature

Apple Maps May Gain Custom Routes With iOS 18

Tuesday March 26, 2024 3:10 pm PDT by
Apple may be planning to add support for "custom routes" in Apple Maps in iOS 18, according to code reviewed by MacRumors. Apple Maps does not currently offer a way to input self-selected routes, with Maps users limited to Apple's pre-selected options, but that may change in iOS 18. Apple has pushed an iOS 18 file to its maps backend labeled "CustomRouteCreation." While not much is revealed...