Disney unveils first look at its new streaming service

Disney+ Confirms Vision and Scarlet Witch, What If?, And More Marvel Shows

The all-new streaming platform Disney+ finally has a released date!

Netflix's dominance in streaming TV and movies has been challenged twice in recent weeks - first by Apple and then Disney.

The Apple TV+ on-demand, ad-free subscription service will launch this year in 100 countries, the company said. Its animated classics, including "Aladdin" and "The Jungle Book" will be available on the service when it launches. It also will feature the entire Pixar library, every Disney Channel Original Movie, some Disney Channel series, and the films that make up the Marvel Cinematic Universe and the popular Star Wars franchise.

Disney, which recently completed its acquisition of 21st Century Fox, also announced that the entire 660-episode-plus library of Fox's "The Simpsons" will be coming to Disney+ when it is launched. Hulu, which is controlled by Disney, Comcast, and AT&T, had 25 million U.S. subscribers in 2018.

Unfortunately, this means that Disney titles will likely disappear from Netflix by the end of this year.

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On Tuesday, the streaming video player discussed its prospects as part of its quarterly earnings report, in which it reported revenue of $4.5 billion, a 22 percent increase from the same quarter past year, and added 9.6 million subscribers to hit 148.9 million users worldwide.

It's also expected that the streaming service will eventually bundle Disney+ with Hulu and ESPN+ for users around the world, offering another pair of popular services that are now only available to Americans. The monthly payment for the basic plan is as low as 6,500 won ($5.70) when consumers limit the use of service to mobile devices.

"We wonder how the company will explain what is and is not available on Disney+ both domestically and overseas", Greenfield said in a research note.

Some analysts said, however, that they were not anxious about Netflix subscriber attrition in the wake of Disney+ - which will launch in November - thanks to Netflix's wide range of offerings.

Hargreaves added that the new competition does pose a particular long-term threat to Netflix.

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The company projected that it would have from 60 million to 90 million subscribers by that time, with two-thirds of them outside the United States.

How much are customers willing to pay for Netflix?

"Both companies are world class consumer brands and we're excited to compete; the clear beneficiaries will be content creators and consumers who will reap the rewards of many companies vying to provide a great video experience for audiences", Netflix said in a statement accompanying its results.

The service also said it plans to publicly disclose more about what's trending, at least in the U.K, where it will test a "Top 10" list revealing the week's most-viewed shows and movies.

But now movies that came out in 2019, and going forward, will be streamed only on Disney Plus.

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