How Disney+ Has Impacted Netflix's Subscriber Cancellations

There was a big fear among investors that the launch of Disney's (NYSE: DIS) new streaming service, Disney+, would result in a mass exodus of subscribers from Netflix (NASDAQ: NFLX). And while Netflix has admitted the launch of Disney+ had a meaningful impact on its subscriber numbers, the results haven't been as bad as some expected.

Subscriber churn jumped considerably higher in November and December, and it remained elevated in January. But data from Antenna found churn started moving lower again in February, and dipped even lower in March after more physical-distancing practices went into effect, according to Business Insider.

Moreover, the gap in retention between subscribers who signed up for Disney+ and those who didn't is getting smaller, falling to 1.3 percentage points (4.8% versus 3.5%) in March versus 2.2 percentage points (6.5% vs 4.3%) in November.

Source Fool.com