Maybe Disney+ Isn't a Netflix Killer, After All

There's no denying the early success of The Walt Disney Company's (NYSE: DIS) new Disney+ streaming service. Disney+ garnered an incredible 10 million subscribers within one day after its Nov. 12, 2019 launch, and industry watchers have estimated the service may have already doubled that total to at least 20 million by the end of its first month. This puts it well on its way to achieving Disney's goal for reaching 60 million to 90 million customers by the end of 2024.

But that also spurred concerns that the success of Disney+ is coming at the expense of competitive services in the video-streaming space. In investors' minds, Netflix (NASDAQ: NFLX) is chief among those prospective sufferers. Shares of the company still haven't fully recovered from a post-earnings plunge in July -- several months before the Disney+ debut -- after the company said its number of domestic subscribers declined for the first time since 2011.

IMAGE SOURCE: NETFLIX.

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Source Fool.com