AG2016 (CC0), Pixabay

Online streaming service isn’t a new thing in the market; it’s been there for a long time, but it has gained popularity and fame with time. After this much hype of the online streaming services, many service providers set out to conquer this quest, which led to a professional battle.

Speaking about numbers, Netflix has more than 200 million subscribers while Disney Plus has reached 100 million within one year. This shows that Disney Plus is catching up on Netflix. However, Disney Plus is available in limited regions, and that is one of its drawbacks. However, users can access Disney Plus in areas where it is not available with a VPN. To better understand this unblocking method, users can visit Streaming Rant and check out their guides. They have extensive guides for Disney Plus and Netflix.

Below are the statistics of some top-end online streaming platforms, and their release dates, and their number of paid subscribers:

Streaming Platform Company Launch date Number of Subscribers (million)
1.      Netflix Netflix. Inc. January 2007 203.7
2.      Prime Video Amazon.com Inc. September 2006 150
3.      Tencent Video Tencent June 2011 120
4.      iQIYI Baidu April 2010 118.9
5.      Disney+ The Walt Disney Company November 2019 100

These stats clearly state that Netflix is the King of online streaming platforms and ruling the industry for a pretty long. However, even above that, these statistics show that online streaming platforms have impacted TV and cinema. There are some other services following Netflix in this quest, and they could also be seen as their rapid growth.

Web-based features began as an extra to DVD and computer-based downloaded services with a stream of second-run films and TV shows. They were enhancements to the projects you watched on their first runs on digital TV. In any case, speedier internet provider services and an increase in the number of media streaming gadgets have sped up the decay of conventional TV services. OTT platforms are reshaping the entertainment industry by overshadowing linear TV as we see an increase in the number of people ready to pay for online streaming services.

Disney +: An emerging online streaming platform

The Walt Disney Company has been providing movie and streaming services for quite a long time. The company comprises four major genres:

  • ESPN+: A leading sports streaming service
  • Disney+: A significant platform for the streaming of movies and TV shows
  • NHL.TV: Globally loved streaming platform for Hockey Fans
  • BAMTECH MEDIA: A shared quest for providing entertainment and joy globally

Earlier this month, it was announced by the company that their leading platform Disney+ had passed a 100 million paid subscribers milestone. This milestone stone might not be enough compared to the rival platforms, but here, it should be kept in mind that it took Disney+ only one year to achieve this number, whereas the rival had to work out for several years to get where they were right now. Their NFL service is having 147 million regular users around the globe.

Netflix vs. Disney+: A battle of throne

Netflix has been ruling the online streaming platform’s throne for a long time, starting in 2007. It was announced by Netflix last month that they had completed their 203.7 million paid subscribers. It took the company a period online streaming platform’s throne of four straight years to complete their second million subscribers.

At the start of Disney+, analysts predicted that it would take Disney+ about five years to complete 90 million subscribers. Now at this point, if we look at the stats of Disney+, the service started in late 2019, and in early 2021 they had their first 100 million subscribers, yet Disney+ being one-half the width of its top-end rival Netflix. It took Netflix time span of handsome ten years to achieve this milestone. This is undoubtedly an overwhelming and stunning response from the viewers that how they welcomed Disney+.

The success story of Disney+ doesn’t end here; if we compare the content hours of Disney+ with that of the other streaming platform, it clears out the popularity of the service and the way it is competing. Disney+ has offered (4,500) content hours and yet gained this much popularity, whereas Netflix offers (40,000) content hours and Amazon has (50,000) hours of content to date.

A Glimpse of Disney+ ’s Future

Walt Disney isn’t stopping here; they have even bigger plans and milestones for the future. By December last year, they had boosted their target milestone to 240, which is to be achieved by 2024, and of course, achieving a target indeed requires vast resources. The company has expanded its content budget to 15 billion USD, making Disney+ the third biggest online streaming platform globally.

Netflix being the king on the throne would surely lead ahead as predictions that Disney+ would beat Amazon Prime by the end of 2024. Netflix being the torchbearer, would be at the top of the scoreboard until 2025 with 286 million subscribers, where Disney+ would be following it with 247 million subscribers as predicted. Meanwhile, if we consider the growth of ESPN+ and HULU, the sub-projections of Walt Disney, it is a strong prediction that Disney will beat Netflix at a time of two to three years. So, the overall subscription of Disney would be somewhat near 295 million by the end of 2024.

Disney is planning big to capture the throne, and one of the significant steps in this regard is the company’s plan to add 100 new titles to the platform each year. This might not be a considerable number of titles being added to the service as another streaming platform could be adding more titles to their services, but one core principle on which Disney relies. This principle has proved to be the key to its success is quality over quantity.

Conclusion

At this crucial time of the novel COVID-19 pandemic, people are spending their entire at their homes. According to an estimate, they spend almost 40% of their waking hours in front of screens in this self-isolation period, which has given a gigantic thrust to online streaming services. By the end of 2020, more than 32 million viewers had either subscribed to Netflix, Amazon Prime, or Disney+, which doesn’t end here. Even more, numbers have registered pay-tv services. This has made the online streaming platform one of the biggest markets on the internet.