Upvoted your comment for a solid counter argument. Disney's growth is decelerating as well. If you measure from Q1 2021 to Q1 2022, growth was down to 37%. I do

Upvoted your comment for a solid counter argument. Disney's growth is decelerating as well. If you measure from Q1 2021 to Q1 2022, growth was down to 37%. I do think they're a very viable competitor, but I don't think the two businesses are mutually exclusive at current ARPU. The reliance on theatrical releases is a bit of a mixed bag. It is another mechanism for content generation that can add to their library, but it also comes at a loss of some value to users of Disney+ if they care about seeing stuff on release. Additionally, it's dependent on a distribution channel(cinemas) that is currently hemorrhaging money. If moviegoing doesn't recover to pre-pandemic levels before the apes' money runs out, it might prove to be a vulnerability.