The Walt Disney company has announced that it will launch its own video streaming service Disney+ on November 12. The subscription to Disney+ will cost $6.99/month and $69.99/year. Disney+ will feature myriads of kid-friendly programmes including 13 classic animated movies, including 21 Pixar features, and also generation favorite Marvel and Star war movies.
According to Disney, it will spend about $1 Billion on original content and $2 Billion by 2024. The price of Disney+ is a bit half of its Netflix’s HD plan. Therefore, it can stand out as a big rival for the company. But this will weigh a lot on Disney’s shoulder. The company is forecasting that with the customer base of 60 to 90 million it can turn into a profitable company by the fiscal year 2024.
“We are confident this is a product people are going to sign up in droves to have,” Chief Executive Officer Bob Iger,” said to Bloomberg in an interview. “One of the things I am most excited about is that we have the unique opportunity to extend our stories with characters our audiences know and love as well as explore new types of storytelling and animation with emerging filmmakers and show it all exclusively on Disney+,” Chief Creative Officer at Disney Co. said
Two marvel series will be launched on Disney+ and its first look was witnessed in Disney+ first look. The two series are WandaVision and another called Falcon and Winter Soldier but have not talked about the release date. Marvel Studios chief Kevin Feige told that WandaVision will focus on Scarlet Witch (Elizabeth Olsen) and Vision (Paul Bettany). Another one, Winter Soldier will focus on two avenger comrades.
Among the floods of series on Disney+, The Simpsons will be part of the Disney+ as Disney Co, has bought Fox. For now, Simpson’s streams on Hulu. Disney has majority control over Hulu. “Hulu is doing just great,” said Kevin Mayer, chairman of Disney’s direct-to-consumer and international operations. “We are really pleased.”
Disney also owns ESPN+ online sports service. “You can figure that we will bundle ESPN+ and Disney+ fairly soon,’’ Iger said. National Geographic Channel will also be a part of the Disney +. It will have the show, “The World According to Jeff Goldblum” and “Magic of the Animal Kingdom,”
Disney Co. says that all the Disney+ content will be downloadable and can be watched offline.