Disney carries a ‘major advantage’ inside streaming war: RBC Capital

On the subject of competition, the tech expert said there was likely room for both Netflix as well as Disney inside streaming market.

“I think there’s actually also room inside market for Disney to succeed,” Mahaney said.

Even as Disney laid out its goal of reaching 60 to 0 million subscribers within 5 years, Netflix is usually “on track” to having more than 300 million members globally by of which point, he said, adding of which there’s room for both services to reach those scales.

“We did our survey work here, we think the vast majority of consumers are perfectly willing to sign up for more than one service,” he said. More than 70 percent of respondents inside RBC survey indicated they were willing to sign up For just two or more platforms, he added.

“If you’ve got (a) not bad product out there, especially if people shave back the overall (pay TV) bundle, we think they’ll buy both Netflix as well as possibly Disney,” Mahaney said.

Beyond Disney’s impending entry into the streaming space, various other companies such as NBCUniversal as well as AT&T have also announced their intentions to launch similar services inside coming months.

— CNBC’s Lora Kolodny contributed to This particular report.

Disclosure: NBCUniversal is usually the parent company of CNBC.