Disney to take on Netflix by launching streaming service this year
This will be huge
Disney announced yesterday that its new streaming service will be available in the US by the end of the year.
Disney+ will be a brand new pay-per-month service that hopes to rival Netflix in delivering brand new movies and series.
The service will offer Disney movies and TV shows as well as Star Wars, Marvel franchise, ABC content, Pixar movies, Hulu pickings, Sports Network ESPN, AND... promises to release 25 original series and 10 original films in the first year following its launch.
Speaking at an investor day, Disney chief executive, Bob Iger spoke about the new streaming service saying:
"The Disney+ platform is being built on that foundation, one that no other content or technology company can rival.
"We knew the best approach to the market was to create great content and distribute it in innovative ways. It is that simple."
Continuing, he said:
"Netflix now knows what people want more than anybody."
And so, Disney+ hopes to rival Netflix bringing you state of the art content both new and old to the streaming service in a heavy investment that's not expected to be profitable to the company until 2024.
It is expected that Disney+ will roll out through all major regions of the world within the next two years.