Netflix went from saying it didn’t believe in the “streaming war” to admitting that Disney+ is eating up subscribers

Disney+ today announced its results for 2021, highlighting the enormous number of subscribers that is above expectations: in January 2022 it reached 129.8 million clients of this streaming platform. As of January 2021, it had 94.9 million subscribers.

This information made public today comes a few days after Netflix declared in a letter to its shareholders that competition is having an impact on its subscriber base, which is key in the production of its original contents and in maintaining its international expansion. That the competition affects is normal, but here it stands out that Netflix always presumed that this was not going to happen to them. “Our competition is the dream,” said Reed Hastings in 2017.

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“A show or a movie comes on the platform that you’re really dying to see, and you end up staying up late at night, so we’re really competing with sleep,” Hastings said. Netflix also stated in 2021 that another competitor they could have was TikTok, because among the streaming platforms it saw no danger.

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The strong streaming industry


Netflix, although it has been able to with a YouTube Originals that did not have great achievements, in January 2022 presented last year’s results that did not meet expectations: a growth of 8.28 million subscribers, slightly lower than expected, which led to a drop in its share price

Not only Disney+ is very strong. The streaming industry has great proposals that are improving over time, as we report in Genbeta every time important news is made public. And also here we carry out analyzes with the available offer.

For example, doing tests comparing content available on Netflix and Amazon Prime Video, which are the platforms that offer higher quality than those that have many contents from different producers, we could see that Prime Video is better in Full HD compared to what the numbers said, thanks to the fact that it broadcasts all its content in HEVC/H.265, compared to Netflix, which below 4K broadcasts in the old H.264, a less efficient format and that equal bitrate, offers less quality.