Yesterday, Disney revealed its new streaming service, Disney+ which is set to launch on November 12. Competing with the likes of Netflix, Amazon Prime, Hulu and the newly launched Apple TV+, Disney has managed to convince the investors.
This morning, Disney’s stock hit an impressive high of $127 and currently sits at $130.06 with an overall increase of 11.54% .
People were initially skeptical and doubtful as to what Disney will include in its new streaming service package. But Disney, on the “investor’s day” has managed to clear the speculations. It will be launching with a price of $6.99 per month.
It might seem that Disney is going head-to-head against Netflix but it’s imperative to note that despite their similarity, their target audience will be quite disjoint. All this means is that consumers are going to get more and more choices for streaming content. The new Disney+ streaming service will be available across North America, Europe, Asia-Pacific and Latin America by year 2021.