Disney said Thursday it will roll out its much anticipated Disney+ video streaming service on November 12, drawing on its deep catalog of content and offering up new shows featuring favorite characters from “Monsters Inc.” to Marvel to “Star Wars.”
The service will cost endorsers $6.99 per month, or $69.99 per year, which is at the high end of what numerous analysts had expected.
“Today’s presentation will show you where we’re going, but also remind you that we are starting from a position of strength and optimism,” CEO Bob Iger said during the company’s investor day Thursday.
Analysts had expected the service would cost $5 to $7 every month, which is around half of what Netflix costs for its standard HD plan. Disney had flagged that it proposed for the stage to be much cheaper than its rival.
Disney said it expects it will spend about $1 billion in 2020 on original content for the platform and $2 billion by 2024.
The company is additionally guaging it will have between 60 million and 90 million supporters before the finish of 2024. 33% of those supporters will be local and 66% will be international, the company said
Analysts and investors will be quick to check whether the income from subscribers will most likely exceed the lost income from never again permitting its substance third parties.
Disney+ will debut in the United States, but the company said it “plans to be in nearly all major regions of the world within the next two years.”
Disney had likewise indicated that it is keen on bundling it with ESPN+ and Hulu, which it owns a 60% stake in. In any case, it’s unclear if Disney+ will exist together with these different services, especially considering 40% of Hulu is claimed by Comcast (30%) and AT&T (10%).
Disney said ahead of the meeting that it would not be commenting on the recently completed quarter or the current quarter. The company is due to report second quarter results on May 8 after the closing bell.
Up until now, Disney has officially affirmed various TV arrangement and movies exclusively accessible on Disney+.
For its Marvel brand, Disney will have four distinctive real life arrangement highlighting Scarlet Witch and Vision, Loki, Bucky Barnes (the Winter Soldier) and Sam Wilson (Falcon) and Hawkeye.
Head of Marvel Kevin Feige said the Marvel arrangement will interface legitimately to the artistic universe and to one another. A vivified arrangement called “Imagine a scenario in which” will likewise be accessible on Disney+. It will investigate theoretical inquiries like: what might have occurred if Peggy Carter had been given the super serum rather than Steve Rogers?
Moreover, there will be two unscripted Marvel series.
From Star Wars, head of Lucasfilm Kathleen Kennedy said “The Mandalorian” series would be available to fans at the launch of Disney+. Also in the works is a new season of “Star Wars Clone Wars” and a live-action show based on Cassian Andor and K2-SO from “Rogue One: A Star Wars Story.”
Pixar will create various shorts for the membership service, including characters like Forky and Bo Peep from the “Toy Story” films. It will likewise have an series based in the world of “Monster’s Inc.” called “Monsters at Work.”
“One of the things I am most excited about is that we have the unique opportunity to extend our stories with characters our audiences know and love as well as explore new types of storytelling and animation with emerging filmmakers and show it all exclusively on Disney+,” Jennifer Lee, chief creative officer of Walt Disney Animation Studios, said.
Extra firsts on the platform will incorporate a “High School Musical” series and a live-action film remake of “Lady and the Tramp.”
Disney+ will also be home to “Noelle,” a Christmas film starring Anna Kendrick as the daughter of Santa Claus. It is set to arrive on the platform soon after launch.
Likewise on the service will be an inventory of Disney’s classic animated features and TV shows as well as live-action flicks and shows, including fan favorites like “Lizzie McGuire” and “Hannah Montana.”
National Geographic substance will likewise locate a home on Disney+, including a show called “The World According to Jeff Goldblum” and “Magic of the Animal Kingdom,” an inside see what goes on in the background at that the veterinary workplaces at Disney amusement parks Epcot and Animal Kingdom in Orlando, Florida.
Additionally, Agnes Chu, senior vice president of content for Disney+, said all episodes of “The Simpsons” will appear on the services on day one. Other 20th Century Fox titles on Disney+ will include “The Sound of Music,” “The Princess Bride” and “Malcolm in the Middle.”
All movies discharged in 2019 will likewise be accessible on Disney+ when their showy and home entertainment windows have closed. “Frozen II” will also be available exclusively on the platform by the summer of 2020.
The company said it will continue to release major motion pictures to theaters ahead of their appearance on the streaming service. Since 2006, Disney has released 44 films that have grossed more than $37 billion at the box office.