What We Know About the Upcoming Disney Streaming Service

Calvin Saunders
November 11, 2017

On Disney's widely touted earnings call Thursday, The Wrap reports, CEO Bob Iger said, "Our plan on the Disney side is to price this substantially below where Netflix is".

Disney late Thursday said it intends to price its over-the-top television service "substantially below" the monthly rates Netflix charges.

In August, Iger announced the 2019 Disney streaming service and that its new ESPN-branded service would arrive in early 2018. As Disney adds more content to its service after 2019, the CEO said, the price could increase. It should be noted that these films are coming from the studios and not Disney Channel. There are many questions about these series and what they could look like, but we don't have any more details at this time.

Netflix now offers three different subscription tiers to USA subscribers: a basic plan for $7.99 a month, a premium plan at $10.99, and an ultra premium plan for $13.99.

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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.

Disney's drop in theatrical distribution revenues was primarily driven by the under-performance of Cars 3 compared to Finding Dory in the prior-year quarter.

The company's making the right steps with its plans to target evolving media consumers with the two streaming services, JPMorgan's Alexia Quadrani says. "Our goal here is be a viable player in the direct-to-consumer space, a space that we all know is a very, very compelling space to be in". He said the new service will be separate from the ESPN service it is now developing and that ESPN content won't be accessible on it whatsoever. The downdraft from bad weather, lower ad sales and a tough year for movies was too powerful even for Disney, which counts on TV, theme parks, consumer products and its famous studio to fuel growth. Netflix has five shows (Daredevil, Jessica Jones, Luke Cage, Iron Fist, The Punisher) and the Defenders miniseries. He said ABC Productions could end up creating content for the Disney-branded service. This will launch before the entertainment-focused service rolls out. If you had to pick one legacy series or film that needs to be part of this service in order for you to subscribe, what would it be?

Other reports by MaliBehiribAe

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