https://www.cnbc.com/2019/04/12/netflix-is-falling-on-concerns-of-competition-from-disney.html

Netflix tumbled more than 4% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. The drop shed more than $7 billion from Netflix's market value, though it is up about 13.5% over the past 12 months.

While some analysts seem less concerned that competition from Disney+ will be a significant hit to Netflix's business, investors may still be uneasy with the entrance of a cheaper service with a huge library of time-tested content. Disney+ subscriptions will give consumers access to exclusive content for $6.99 per month or $69.99 for a full year, compared to Netflix's standard plan offering of $13 per month, recently raised from $11. Shares of Disney soared more than 11% Friday.