Disney Officially Announces Launch Date and Pricing For Disney+ Streaming Service

Disney Officially Announces Launch Date and Pricing For Disney+ Streaming Service

Disney Officially Announces Launch Date and Pricing For Disney+ Streaming Service

Here are some of the new original shows and movies that will be coming to the streaming service. "The increasing number of streaming services with high-quality, exclusive content away from the legacy multichannel bundle appears to be making it easier and easier to cut the chord".

Netflix predicted it would pick up 5 million new streaming subscribers from April through June.

The company had started developing potential shows and many of them hails from Star Wars, Pixar, and Marvel.

The service will also be the exclusive home to 30 seasons of "The Simpsons" - TV's longest running prime time scripted series.

Disney announced during a presentation for investors on April 11, that the service will launch on November 12 in the United States with a monthly price of $6.99 - which is cheaper than competitors Netflix, Hulu and Amazon. Netflix fell nearly 4 percent last week when Disney gave its presentation on the service.

The move "allows them to position Hulu as their edgier, adult offering", he said. Following its U.S debut, Disney plans to expand the service globally with the goal of being in almost all major regions of the world within two years.

Although Netflix is now facing heavy competition from companies such as Disney which is set to release its Disney+ streaming service soon, and Amazon, Hulu, and HBO all entering the streaming market; Kraft believes that Netflix's ability to lock down talent "will continue to feed" Netflix's "appetite for high-value original content". The $6.99 per month price point won't hurt either.

"We were pleasantly surprised by the content levels" announced at Thursday's investor event, Macker said.

Most Korean consumers subscribing to local IPTV services have been paying from 1,000 won to 2,000 won for sought-after video content. The company has a slate of original TV shows that will be available for a monthly subscription, but the company hasn't said how much it will cost. "Will consumers understand that a new Marvel movie is available in theaters, but not on Disney+ for eight months?"

Disney could "certainly have an impact on Netflix's growth over ... a short term period", Andy Hargreaves, an analyst at KeyBanc, told Cheddar.

Meyer said Disney may "carve out a small niche" among families and young viewers but doesn't pose a serious threat to Netflix.

Netflix also is in talks to purchase the historic Egyptian Theatre in Hollywood to allow its films to more easily compete for Academy Awards, after "Roma" director Alfonso Cuarón won Oscars for best director and best cinematographer.

From January through March, Netflix reported it added 7.86 million paid subscribers internationally, compared with the average analyst estimate of 7.14 million, according to IBES data from Refinitiv.

Laura Martin, analyst at Needham & Co., disagrees, saying Disney with its well-known brands and franchises will eventually overwhelm Netflix.

South Korea is the latest country where Netflix has tried out mobile-only subscription with cheaper pricing plans, as the streaming giant applies different pricing strategies depending upon the region.

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