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MUMBAI: Walt Disney Co has finally revealed the long-awaited details of its next streaming service during its investor day. Disney which is scheduled for November 12, costs $ 7 a month and $ 70 a year.
The new streaming service is dedicated to movies or shows from Disney Pixar, the "Star Wars" franchise, National Geographic and Marvel. In addition to its rich content library, a cheaper subscription plan compared to Netflix will help Disney + gain digital control of the over-the-top (OTT) platform led by Reed Hastings.
streamer will publish more than 25 original series and 10 films, documentaries and specials from some of the most prolific and creative storytellers in the industry. In addition, The Simpsons' 30 seasons will be available on the service from day one.
"Disney + marks a bold step forward in an exciting new era for our society: Consumers will have a direct connection to the incredible array of creative content that is the hallmark of The Walt Disney Company. We are confident that the combination of our unmatched stories, our beloved brands, our iconic franchises and our state-of-the-art technologies will enable Disney + to stand out in the marketplace and offer significant value to consumers. and shareholders, "President and CEO of Disney Bob Iger said
Although the launch on November 12 is intended only for the domestic market, it has the same effect. intend to deploy the streaming service in Europe and Asia next year. The company expects subscribers between 60 and 90 million by 2024.
The company is committed to using the full reach of its empire, including cruises, global theme parks, stores, hotels and resorts. TV channels like never before. market its new product. Disney is part of a handful of traditional media companies that are investing huge sums of money to tackle the cable cut challenge, just like the FANG companies.
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