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Disney Announces Streaming Service

Paul Rubens - April 12, 2019 - 04:50 AM
Disney Announces Streaming Service
Disney+ will offer classic shows, Simpsons episodes, and new content for $6.99 per month.

(CCM) — Disney is to enter the increasingly crowded streaming market in competition with the likes of Netflix and Apple TV+, and expects to launch its Disney+ in North America in November, according to a BBC report.

But the service will be hampered by the fact that Disney has already sold the rights to some of its content to other streaming services, and it will be four years before all of those deals have expired and Disney regains exclusive control of all of its movies and shows.

The company plans to charge $6.99 per month or $69.99 per year for the new service, which will offer works from Pixar, Marvel, National Geographic, and Star Wars. It will also include the first 30 seasons of The Simpsons, thanks to Disney's recent $70 billion acquisition of 20th Century Fox.

Disney also plans to create original content such as a remake of Lady and The Tramp for its streaming service, according to the report, and this will involve considerable investment. Combined with the revenues that the company will have to forgo as it claws back the rights to its content from Netflix and others — reportedly Netflix was paying Disney $150 million for its content — the net result is that Disney+ is unlikely to make any money for the company until 2023 at the earliest.

Image: © Wikimedia.
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