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lakeelmoleader.com November 21, 2017


Netflix Stock Retreats On Disney Competitive Threat

11 November 2017, 01:27 | Denise Dawson

Streaming Dreams Drove Disney's Interest in Fox Assets

21st Century Fox has been holding talks to sell most of the company to Disney: Sources

(NASDAQ:NFLX), which will grow even bigger by then, will be a major threat to it. Disney CEO Bob Iger, talking about the company's strategy to make the service popular, confirmed that Disney will price its subscription-based service "substantially" lower than Netflix. There is a strong chance that the same will happen to the Netflix original Marvel TV shows, with The Punisher, scheduled for a November 17 release, being the last show they announced, and no new shows are now in development for Netflix. It will also have original series and should be much cheaper than Netflix.

For more on this and other stories making headlines in the business world, click on the video. It does, however, mean that Disney will be increasing the price as the catalogue grows. "We can't wait to continue with this new series of films".

The company also plans to create a Star Wars TV show for its new streaming service. Pricing details were not immediately apparent, nor was it conclusive what services will be available to cord cutters as opposed to those subscribers who authenticate the app. It is expected that all Disney content, including releases from Marvel, Star Wars, and Pixar, will eventually disappear from Netflix and be exclusively available to stream on the new platform.

"We've given a lot of thought to pricing", Iger said.

The new streaming service will offer the latest Disney, Pixar, Marvel and "Star Wars" feature films in the first pay TV window.

Russian Federation prepares to label USA media as 'foreign agents'
According to CBS, "failure to register could mean the arrest of the channel's American director and the freezing of its accounts". The decision came in the wake of investigations into Kremlin attempts to interfere in the 2016 US presidential election.

"We also believe that our brands and our franchises really matter, as we've seen through Netflix and all other platforms".

"As I've said earlier, we're going launch this thing pretty aggressively", he said on the call Thursday.

ESPN, the focus of many an earnings call past, largely escaped scrutiny Thursday, thanks to Iger's announcement that the new direct-to-consumer, ad-supported streaming platform will be called ESPN Plus and will be set to debut in the spring of 2018.

Properties like the X-Men, Fantastic Four, Cable, and Deadpool are all now owned by Fox and therefore can not be utilized by Marvel Studios.

Netflix now offers three different subscription tiers to US subscribers: a basic plan for $7.99 a month, a premium plan at $10.99, and an ultra premium plan for $13.99.



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