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It doesn't really matter. Disney wants their piece of that pie, and they have the marketing to get customers. People will buy it, and Disney owns Marvel, Star Wars, ABC, NBC and all their own movies/content.

We went from cable, to paying less for only one or two streaming services, but now people are buying more services (Amazon, Disney+, HBO, Hulu, AppleTV, appleTV, AppleTV and AppleTV) .. it's almost like the a la carte channel pricing people wanted in the 90s, ... but way after people were playing less for just Netflix.

Disney+ isn't going away or going to fail any time soon. It will be interesting if one day we see Olympics only on streaming and not on broadcast at all.

Does that matter when most of Netflix's catalog is crap?

The problem with Disney+ is that Disney is taking advantage of the monopoly privileges granted by copyright law to vertically integrate their offerings. If you want to steam Disney media, you do it through Disney+. If Bob Iger thought it was possible to turn a profit by doing so, there would already be a chain of Disney theaters that show nothing but Disney shit, and visitors would have to fight their way through the built-in Disney Store to get to their seats.

Welcome to the Tragic Kingdom. It will only get worse unless we start pushing our elected officials to start enforcing existing anti-monopoly laws.

Too many subscriptions services... back to sailing the seas of piracy
I never left. The last time I had Netflix was when they shipped DVDs. I signed up for the two months free, ripped every DVD the day I got it, mailed them back, and canceled before the trial ended. Same with Blockbuster. I have never actually paid for a streaming service.
Not a fair comparison, actually, when you browse the Netflix catalog you can only find a certain amount of titles, let's say 200-400 hundred movies/series.

This shows better if you use the numbered categories. Not much ago, I went to browse something like "scifi/terror" and just found maybe 16 movies. Other categories offered similar quite reduced catalog.

I'm not in US, but I suspect many customers around the world are looking Disney+ to add a service/more options (and many are already paying at least for two streams).

Disney is has larger and higher quality catalogue than Netflix. It's only question of the introduction timeline and how they plan to split or combine them between Disney+/Hulu/ESPN+ They have existing streaming contracts that expire in few years and then everything they own will stream trough Disney.

Disney owns: Walt Disney Pictures, Fox Searchlight, Pixar, 20th Century Fox, Marvel, Lucasfilm, Hulu Originals, ESPN, 50% of ABC and A&E (History network, Vice Media). This means that they have Star Wars, Avatar, Indiana Jones, Alien, Predator, Simpsons‎, Futurama, Family Guy, X-Files , American Horror Story‎, Malcom in the Middle, ..

What's even worse for Netflix is that new competitors are still entering after Apple TV+ and Disney+. After WarnerMedia launches HBO Max and NBCUniversal launches Peacock, Netflix has many compeittors with big catalogues and they all pull their shows from Netflix. Basically only Netflix originals will stay with Netflix.