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Disney Announces Launch of its New Streaming Service Called Disney+ to Take Over Netflix, Hulu

Disney now is also controlling 60 per cent stake in Hulu

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DisneyLand. Image source: disneydose.com

Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will launch its new streaming service called Disney+ in November, at a price of $6.99 a month.

This comes after the entertainment giant sealed the deal on its $71 billion acquisition of 21st Century Fox.

“The linchpin of Disney’s streaming strategy, Disney+ will be an ad-free subscription service anchored by programming based on Disney’s biggest franchises, including ‘Star Wars’ and Marvel Studios, as well as original programming,” The Wall Street Journal reported on Thursday.

Enchanted Castle Shanghai Disneyland. Wikimedia Commons.

In some markets it would take much longer due to several factors, including the fact that Disney is still in the process of clawing back the rights to its content, sold to other streaming platforms before it had platform aspirations of its own.

“And because the firm has had its chequebook out lately — spending $70 billion on 20th Century Fox — Disney+ will also incorporate content from recently acquired companies, such as the first 30 seasons of ‘The Simpsons’,” the BBC reported.

Also Read- Chinese Video Sharing App TikTok Continues Its Dramatic Rise in India

Notably, with its acquisition of 21st Century Fox, The Walt Disney Company now owns Indian TV giant Star, a Mumbai-based media company with dozens of sports and entertainment channels.

Disney now is also controlling 60 per cent stake in Hulu. (IANS)

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Disney+ Grosses Nearly $100mn on Mobile in its First 2 Months

As per report, there will be no separate app for Disney Plus as the whole catalog will be available on Hotstar

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Disney's new service will exclusively stream its latest movies including "Avengers: Endgame," "Aladdin" and "Star Wars: The Rise of Skywalker". Pixabay

Two months after Disney long-anticipated entrance into the streaming video on demand, its mobile app service has been downloaded nearly 41 million times across the App Store and has generated an estimated $97.2 million in user spending.

Disney+ generated $43.9 million during its second month, in addition to the $53.3 million it made during its first 30 days, analytics firm Sensor Tower revealed on Tuesday.

While competitors Netflix and Hulu predate our available data, we can see that, in comparison, Disney rival HBO Now grossed $23.7 million during its first 60 days-even when launching alongside a new season of its top program, Game of Thrones-and Showtime grossed $1.2 million.

In terms of downloads, Disney+’s second month garnered 13.5 million, or 33 per cent, of the 40.9 million installs it’s seen since launch.

Disney Plus, Shows, Films
In its first year, Disney Plus has released more than 25 original series and ten original films, documentaries, including ‘The Mandalorian’. Pixabay

Comparatively, 29 per cent of HBO downloads during its first 60 days came from its second month.

While its competitors launched within the United States only, Disney+ debuted, and is currently available, in five countries: the U.S., Canada, Australia, New Zealand, and the Netherlands.

Also Read: 21st Century to be The Century of India, Says Amazon CEO Jeff Bezos

It may may arrive in India in the second half of 2020, post the Indian Premier League (IPL) tournament.

As per report, there will be no separate app for Disney Plus as the whole catalog will be available on Hotstar. (IANS)