A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions.
A Bank of America survey of over 1,000 Americans showed that 6.5% of respondents using both services said they plan to terminate their Netflix accounts.
The bank's survey of over 1,000 Americans showed that 6.5% of respondents using both services said they plan to terminate their Netflix accounts. But "this level of churn, if realized, could be higher than expectations," they wrote. In other words, if people actually cancel Netflix subscriptions as fast as the BofA survey suggests, brokerages across Wall Street would have to readjust their revenue forecasts.
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