Streaming Service Coming Next Year

Streaming Service Coming Next Year

Some of those shows will reportedly include a live-action Star Wars series, a spinoff of Monsters Inc, and a project based on the hit High School Musical franchise.

Perhaps more importantly, Iger said Disney's planned streaming service would be "substantially" cheaper than Netflix.

This week, Disney CEO also announced that they plan on making sure their streaming service is "substantially below" the current price of Netflix, which now sits at a $10.99 a month price point for U.S. subscribers, and will likely increase in the coming years.

"We think Disney wants strong uptake early on and that this move recognizes that the equity market rewards strong (streaming) subscriber growth", RBC Capital Markets analyst Steven Cahall said. For years now, there have been rumors of Disney and Marvel making some sort of deal with 20th Century Fox that would allows the X-Men and Fantastic Four into the MCU. That pales in comparison to Netflix's library, but depending on how much lower Disney prices its service, it could well put considerable pricing pressure on NFLX to offer more value to users.

Hulu video app is now available for the Nintendo Switch
The latest Nintendo console is on course to have outsold the Wii by March 2023 according to market analyst firm Nomura Securities. With Hulu now officially available on the Switch , Nintendo appears to be ready to start offering video streaming services.

Disney's streaming service, which will feature original content in addition to existing Disney films and TV shows, is slated to launch in 2019.

As it now stands, the rumors of a sale have made Fox and Disney shareholders alike happy - as of Friday alone, the Twenty-First Century division of Fox has seen an increase of 4% to their stock's value since the rumors first got out, and Disney has seen a more modest increase of 2.9%. On this outline, it might seem like Disney is developing a Netflix killer. The streaming internet giant broke out of a cup-with-handle base on October 5, with the catalyst being its plan to hike subscription rates.

Speaking Thursday, Iger said explicitly that Disney is not trying to make a Netflix killer, saying on the company's conference call that, "Our goal here is to 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".

A new Star Wars TV series is in the works.

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