Disney DIS shares jumped 6.4% in premarket trading Friday after the company announced its Disney+ video streaming service would be $6.99 a month, two dollars a month cheaper than Netflix NFLX 's basic subscription.
According to CNBC, Disney+, the entertainment giant's video streaming service, will launch on November 12th. Disney+ will feature an arsenal of kid-friendly programming, including 13 classic animated movies, 21 Pixar features, original series, and material from its Marvel and Star Wars franchises. Disney+ will be the home for a live-action Lady and the Tramp remake, a High School Musical TV series, and a show based on the 1993 movie The Sandlot.
This original content will come from 'some of the industry's most prolific and creative storytellers, ' the company said.
Word has slowly been trickling out about Disney's plans for small-screen series starring major character in the Marvel universe - and we learned a little more about a few of those. Like Netflix, Disney+ will allow users to add series and movies to a personalized watch list. The first row looks like it serves up all of Disney's brands: Disney, Pixar, Marvel, Star Wars, and National Geographic. It costs $7/month or $70 a year.
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Disney+ expects to be available on a wide range of devices, including gaming consoles, streaming media players, and smart TVs. "This gives you the sense of how he plan to explore the MCU and fresh and exciting ways in the series.in addition new and returning cast members will be lending their voice to their animated counterparts".
Disney has confirmed that its Disney+ streaming service will eventually roll out to other countries after first launching in the United States. Yesterday evening at an investor presentation in Burbank, California, we got the first solid details about the service, its scheduling, and pricing. As a result, a previous report stated that Disney+ will launch with 500 films from the Disney library along with over 7,000 episodes from Disney TV.
Also coming to Disney+ are Fox favorites such as "The Princess Bride" and "The Sound of Music", as well as 30 full seasons of "The Simpsons." . Disney is late to the party and in its absence Netflix has built the world's leading streaming service with a near-global reach.