Netflix has taken on enough debt to finance original content that their performance track record in that domain should make investors ask these questions.
https://variety.com/2019/digital/news/netflix-debt-junk-bond...
Disney/Touchstone's "massively higher hit-rate" is not representative of most of the companies Netflix competes with ergo a comparison of Netflix to only Disney is not particularly apt. Netflix hasn't matched Disney's success, but neither have most of Disney's rivals.
So are you talking licensed stuff or original material? Netflix has licensed plenty of good content (incl. Adult Swim stuff).
'The Mandalorian earned nearly 40 million “demand expressions” during the week of Nov. 10-16, according to data provided to Observer by research firm Parrot Analytics. The firm tracks video streaming, social media activity, photo sharing, blogging, fan and critic rating platforms and other consumer demand sources to put together a composite of viewership and growth. Demand expressions represent the total audience demand being expressed for a title within a market and not specific viewership statistics.'
Which sounds like a bunch of mumbo jumbo presented by a 'research firm' wanting to get customers.
By contrast, Netflix has 60 million US subscribers. HBO Now has 9 million US subscribers, but their cable service overall has over 50 million. 24 million users is an incredible growth rate for Disney's service, which has only existed since November 12.
Look at Disney.
> It’s difficult not to look at Disney’s record-breaking year, securing eight of the top 10 highest-grossing films of 2019 domestically
https://www.theverge.com/2019/12/23/21034937/disney-star-war...
It seems to be a well oiled machine.
Their streaming service is no exception. The Mandalorian show, run by Jon Favreau (director of Iron Man and The Lion King) is the most streamed television show in recent history, eclipsing the popularity of Game of Thrones and Netflix's darling, Stranger Things—and that's their first at bat.
https://observer.com/2019/12/the-mandalorian-episode-5-disne...
The only media sector where Disney's dominance isn't currently felt is video games—the biggest sector of entertainment by total revenue—where Disney's strategy seems to have been lacking for decades, and where it has not been able to acquire itself out of muddling performance. They were able to outsource a hit with the recent Star Wars Jedi: Fallen Order game however, so maybe that will change.