source

Netflix

shareholders have spent the better part of 2019 fretting over the launch of multiple new streaming competitors including Disney Plus.

According to data from two Wall Street analysts, since the launch of Disney Plus about 10 days ago, the service has yet to have a material impact on Netflix subscribers.

Disney Plus got off to a stronger-than-expected start last week amassing more than 10 million sign-ups less than 48 hours after launching, boosting by about 6%.

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Disney Plus was once a looming threat keeping Netflix investors up at night. Now, the service is here – and two Wall Street analysts have data suggesting the streaming giant could be just fine.

Piper Jaffray analyst Michael Olson conducted a survey of 1,700 domestic Netflix subscribers and found that while interest in Disney Plus has increased, it doesn’t appear to be to the detriment of Netflix.

“We have not seen an increase in the percentage of Netflix subscribers who expect to cancel Netflix in favor of Disney+,” Olson wrote in a note to clients on Friday.

The level of Netflix subscribers who have shown interest in canceling the service in favor of Disney Plus has stayed at a consistent mid-single-digit percentage, Olson added.