Netflix’s market share value seems to have taken a dip after the announcement of Disney’s new live streaming service, Disney+. The brand lost as much as US$8 billion (~RM32.92 billion) or approximately 5% of its value, just minutes after the announcement was made.
In Disney’s case, the announcement of its live streaming platform saw the company’s market value shoot up by as much as US$25 billion (~RM102 billion).
One other contributing factor to Netflix’s drop in share value could possibly be Disney+’s subscription fee. Come its launch on 12 November 2019, potential subscribers will only need to pay US$7 (~RM28) per month or US$70 (~RM288) yearly. That’s considerably cheaper than Netflix’s current subscription rate of RM51 per month.
Additionally, Disney+ will also be streaming all showed owned and under the Disney umbrella. This includes titles from its entire Disney Vault, as well as films and shows from the Marvel Cinematic Universe (MCU) and Fox. Just like Netflix, Disney+ will also be releasing its own independently curated content over time; the first of which seems to be The Mandalorian.
There’s still no official word as to when or if Disney+ will be brought into Malaysia. However, Malaysian can head on over to the preview site to register their interest