Will Disney+ have more users than Netflix in a couple of years?
Disney is coming out with its own streaming service called Disney+. Disney believes they can take a share of the streaming market by capitalizing off of their successful movies and shows that they have produced. There will be no advertising breaks in the content which will go over quite well with everyone since we are getting accustomed to it. Approximately 7,000 episodes of various television series and 400 to 500 movies are expected to be available on the service when it launches. Disney+ will also have original content like Netflix currently offers and plans to spend $1 billion by 2020 to produce it.
The launch date is set for November 12, 2019. The service will cost $7 a month or $70 a year. This is significantly cheaper than Netflix’s $13 monthly fee. Although Disney+ will be low cost initially, the pricing might rise in the future, according to Disney Chief Financial Officer Christine M. McCarthy. Disney also mentioned that since they own Hulu and ESPN Plus they might offer a package with all three. This would make Disney+ the second-best option in the streaming game.
Disney’s Chairman and CEO Bob Iger believes that people will love Disney+. “I’m pretty optimistic about the ability for this thing to work. Particularly when you make it accessible because of the content we’re putting on, because of the user interface and because of the price,” Iger said. “If in five years’ time, I prove to be wrong — or we prove to be wrong — we’re still making great content that’s going to be in great demand globally.”
With streaming being more popular than ever before, you have to know that the technology to make this happen is infusing into other industries as well. For example, the connectivity that Disney+ and Netflix need to power their services is the same connectivity that is allowing the telecom industry to flourish. From 5G to fiber optic cables, everything is getting more advanced and in a couple of years, someone will probably have developed even better tech. Make sure you are on the cutting edge of these developments with the tools and resources you need from GeoTel’s licensed data.
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