We’re just a week away from the expected announcement of Apple’s streaming video service. While details are still sparse, a report earlier today listed five TV shows that have already wrapped shooting. Despite the looming unveil, however, analysts remain skeptical of the effects Apple’s video service will have on its long-term business.

Meanwhile, Netflix CEO Reed Hastings today confirmed that the company has no intentions to be a part of Apple’s upgraded TV application…

As detailed in a roundup from Bloomberg, Goldman Sachs anticipates that the “best-case” scenario for Apple’s video service would still be a “likely small” number of subscribers. For instance, adding 20 million subscribers at $15 per month by 2020 would only increase earnings by 1 percent, the firm argued:

Of course, the logical argument is that such services will strength user ties to iOS devices, but Hall argues that even that increased “iPhone stickiness” would be “unlikely to make much of an impact on Apple’s bottom line.”

Meanwhile, Netflix CEO Reed Hastings addressed Apple’s ambitious streaming plans at an event. Hastings said that while “Apple is a great company,” Netflix wants to be able to control its own content through its own app.

Part of Apple’s revamped TV strategy is said to be an upgraded TV app that allows users to subscribe to third-party services like HBO, Starz, and more. Netflix, however, will not be part of this new TV app hub, as previous reports have suggested. Recode’s Peter Kafka noted Hastings’ comments:

Reed Hastings confirms that Netflix won’t be a part of the new Apple video hub announced next week. “Apple’s a great company. We want to have people watch our shows on our services.”

— Peter Kafka (@pkafka) March 18, 2019

This shouldn’t come as a major surprise, however. Netflix has long resisted Apple’s TV app on tvOS, so it was unlikely from the start that it would integrate with an upgraded version of the app either.

Apple will hold an event next week at Steve Jobs Theater where it is expected to unveil its new streaming TV service, upgraded TV app, and Apple News magazine integration. Read our full roundup of what to expect here.