Disney stock soars after release of streaming service

Disney+ Confirms Vision and Scarlet Witch, What If?, And More Marvel Shows

Disney+ Confirms Vision and Scarlet Witch, What If?, And More Marvel Shows

The all-new streaming platform Disney+ finally has a released date!

The new service, which will launch in the fall, is being priced very aggressively. "We are confident that the combination of our unrivaled storytelling, beloved brands, iconic franchises, and cutting-edge technology will make Disney+ a standout in the marketplace, and deliver significant value for consumers and shareholders alike", Disney CEO Bob Iger said. Disney+ will launch in the United States in November, priced at $6.99 a month (Netflix's most popular plan is $10.99), followed by rapid worldwide expansion.

With Hollywood stars galore, Apple last month unveiled its streaming video plans along with news and game subscription offerings as part of an effort to shift its focus to digital content and services to break free of its reliance on iPhone sales. That's significantly less than the $12.99 standard plan on Netflix.

Though much more pronounced, the jump was also reminiscent of Disney's immediate rise in late 2017, when it first announced it would acquire most the assets of Twenty-First Century Fox (NASDAQ: FOX)(NASDAQ: FOXA).

What original content will subscribers get?

Netflix is racing to commission its own programming to fill the looming void: it is focusing more than 85% of new spending on original content, and is expected to spend as much as $15bn on making and licensing film and TV shows this year.

Rays ride 5-game win streak into matchup with Blue Jays
According to our MLB Public Betting Chart page, 64% of the betting tickets are on the Rays to beat the Blue Jays on the moneyline. Toronto didn't get its first base-runner until the fourth inning when Chirinos issued a lead-off walk to Randal Grichuk .

It's also expected that the streaming service will eventually bundle Disney+ with Hulu and ESPN+ for users around the world, offering another pair of popular services that are now only available to Americans. The entire library of Pixar will also be available within the year, the company said in a statement.

During the Disney Investor Day 2019 presentation, the company officially announced several of the previously rumored Marvel TV series.

Following its U.S debut, Disney+ will rapidly expand globally, with plans to be in almost all major regions of the world within the next two years. In total over 7500 television episodes and 500 movies will be available. Disney also picked up FX Networks and doubled its ownership in Hulu to a controlling 60% stake through the deal. The Simpsons has a huge fan base and is now on its 30th season.

Disney stressed plans to use its coveted content, and original creations to come, to differentiate itself in the increasingly competitive streaming television market.

Check out The Cheat Sheet on Facebook! However, some of these films will still be available on Netflix through 2020.

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