Disney+ Is Too Good To Fail - All You Need To Know
In recent months, we’ve been hearing more and more of
Disney’s new streaming service, Disney+, with their acquisition of 21st
Century Fox’s entertainment assets seen as a move to bolster its chances of
succeeding. Well on a recent investors call, and later confirmed through a
press release, Disney have given us its first official look at their brand new
streaming service, highlighting details on content, availability, and pricing! Here's a first look at the user interface (it looks super cool):
Disney are banking a lot on this streaming service to be a
success, and by the looks of it they’re in the best position possible. Through
its presentations (which also included updates on ESPN+, Hot Star, and Hulu),
they highlighted the content available on the platform, ranging from Disney and
Marvel, all the way to National Geographic and more. Their content library is
impressive even without Fox, so it’s no surprise how much confidence Disney is
showing in the service. Here are the main details they revealed about Disney+:
-
Launching November 12th 2019 in the US, rolling out to all major markets within the next two years.
- The service will be priced at $6.99 a month, or $69.99 a year.
- Available on smart TV’s, mobile, tablets, etc, with 4K HDR streaming on compatible devices.
- 10 original films and 25 original series in its first year of launch.
This is where Disney really hold the advantage over
competitors - they already have decades of beloved content ready to use, saving
time and money, allowing the company to invest elsewhere. When Apple announced
Apple TV+, I mentioned Netflix shouldn’t be too worried, however this
announcement is a different story. Disney truly hold the power in Hollywood
right now, and Netflix will be worried that their dominance in the streaming
market may have finally met its match. Even from a pricing perspective, $6.99 is
extremely competitive (and is on par with what I was expecting). No matter how
vast and popular their content is, the service is still new, so it would have
been unwise to price the service similar to Netflix. Growth in the early stages
of roll out is important, so once the service becomes more established, with
more original content, Disney can look to increase the price without affecting
growth.
Disney are in a stronger position than most, and it’s
difficult to picture a scenario where Disney+ fails. It will succeed because it
has too, Bob Iger knows it, I know it, and you know it too. There is no
shortage of confidence at Disney, something the rest of the industry could do
with now…
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