Netflix Stock Retreats On Disney Competitive Threat
11 November 2017, 01:27 | Denise Dawson
Streaming Dreams Drove Disney's Interest in Fox Assets
(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.
"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.
'Doctor Who': The New Doctor's Look Finally Revealed
Doctor Who Series 10, which wrapped up this summer, marked the third and final series starring Peter Capaldi as the 12th Doctor. She's here and she's gonna rock it, so fans better start ordering their blue trousers now to get ready for cosplay costumes.
Evans suspended for hit on Saints' Lattimore
That sparked a skirmish, and Evans was flagged for unnecessary roughness when the teams were eventually separated. The Tampa Bay Buccaneers already had an uphill climb going into Week 10 without Jameis Winston under center.
Shoulder injury to sideline Bucs' Winston
Winston has struggled for the 2-6 Bucs this year, passing for 1,920 yards with 10 touchdowns, six interceptions, and five fumbles. The first overall pick in the 2015 draft has made 40 consecutive starts to begin his National Football League career.
Shots Fired Near TCU Campus, Lockdown Issued
Police said the two men worked for the Roadrunner shuttle service, which is used by the university. Police said they were still "actively" searching for the suspect and the shuttle as of 7:40 a.m.
Germans post tweet of 35000 characters
More interaction and more engagement means more users and more advertising revenue. Users tweeting in Chinese, Japanese and Korean will still have the original limit.