Disney to charge less than Netflix for its streaming service

Nov 11, 2017, 00:27
Disney to charge less than Netflix for its streaming service

A standalone streaming service for ESPN, which will be known as ESPN Plus (ESPN+), is expected to launch in the spring of 2018.

Indeed, the new movies will be completely separate from the so-called Skywalker saga on which the current films are based.

"We've given a lot of thought to pricing", Iger said. As Disney adds more content to its service after 2019, the CEO said, the price could increase.

Disney's shares have been a laggard on the Dow Jones industrial average, having fallen about 1.5 percent this year through Thursday, compared to the 18.7 percent gain the index has seen. Expect films with bigger scope than your typical Disney Channel Original Movie, but not Avengers 6 either.

He also confirmed Disney's upcoming sports SVOD service would be called ESPN+.

What will it be called?

Disney's new on demand streaming service will be "substantially" cheaper than Netflix and will launch new Star Wars and Marvel series, according to chief executive Bob Iger.

Will your Star Wars TV binge save you more money than a Stranger Things marathon?

Such a service would include Disney's enormous catalogue of beloved films, as well as decades-worth of TV series made for the Disney Channel and films from Marvel, LucasFilm and Pixar. There are no details yet about any of these shows or when they will premiere.

A new Star Wars TV series is in the works. But that's all we know so far.

The Wall Street Journal recently reported that Disney would develop a series for their own services to stand against other streaming services. "It suggests they are going after the sports viewer", says Iger.

Which devices will support it?

For an idea of what this looks like, the Disney Now app features a "Disney Junior Only" mode.

How much will it cost?

If you pay for cable, do you get to watch shows on ABC's site like you can now, or will they only live on Disney's streaming service? "It will be substantially below Netflix because we'll have substantially less volume".

Disney's new film and SVOD announcements come as the company's media networks business continues to struggle, declining 3% in fourth quarter revenue to US$5.5 billion.

Where will it be available?

The launch of this new service is still two years away, so we're obviously still waiting for more information. An global version of the service might release before the USA launch, however, due to streaming rights.