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    Compete with Netflix, Disney Announces Disney Plus Streaming Services

    Monday, November 11, 2019, November 11, 2019 EDT Last Updated 2019-11-12T02:49:17Z
    The Walt Disney Company will be dealing with Netflix this year, by going into the streaming business. Disney will fight Netflix through Disney Plus.

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    Disney Plus will be launched on November 12, 2019. This service will incur a subscription fee of US $ 6.99 / month or US $ 69.99 / year at launch. Disney Plus will not show original films and TV shows including Marvel, "Star Wars," Pixar, and National Geographic content. All content will be available for download offline.

    Recently, Netflix announced an increase in subscription fees in the US. The most basic package increased from US $ 8 to US $ 9 this month, while the most popular package rose from US $ 11 to US $ 13. Amazon Prime Video subscription fees are US $ 8.99 / month, and Hulu without advertisements is US $ 11.99 / month.

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    In a report on Sunday, UBS analysts estimated the company could also lose US $ 10 billion in license revenue between Disney and Fox, which Disney bought for US $ 71 billion, if it stopped licensing to third parties. Disney ended a license agreement with Netflix this year.

    Disney took over 30% of Fox's shares in Hulu by merging and now owns a majority of Hulu by 60%. Disney is also likely to pursue full ownership.

    Kevin Mayer, direct director to consumer and international Disney, said on Thursday that the company would likely bundle Disney Plus, Hulu, and ESPN Plus at discount prices.

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