According to an article by Media Play, more than 14% of Netflix users say they plan on switchinh to Disney plus and cancelling Netflix. How can Netflix combat this?
They can lower their price. It’s one of their biggest hurdles. Netflix without HD is nine bucks a month. Disney plus with be seven bucks a month. Netflix needs to be competitive with their pricing if they want to keep pace with Disney.
The best thing they can do is expand their exclusive content. That will keep customers loyal. Shows like Stranger Things get huge ratings for Netflix, so emphasize that aspect to drive growth and keep their loyal customers.
This is good for consumers in the end. Netflix having legitimate competition will make them reevaluate their business. They may lower prices and give more exclusive content. That’s always a good thing for consumers.