Walt Disney Co (DIS)

[mick]

Netflix (NASDAQ: NFLX) notes that its competition is growing, but it isn't fully admitting -- at least to investors -- just how big Disney's (NYSE: DIS) competing platform will be when it launches in 2019.

The comments I'm referring to came during Netflix's second-quarter earnings call on July 16, after the company reported a miss on subscribers for the first time in two years. The poor performance comes less than a year before Disney will launch its own subscription service.

Not only will Netflix lose currently available Disney content, it will also have to work to keep its users from switching their subscriptions over to Disney's service, which will provide a library of beloved films.