Disney's new streaming service shouldn't scare Netflix

Camille Rivera
November 11, 2017

Disney unveiled its plans to launch an own-brand subscription video service in August, pulling its content off SVOD service Netflix and revealing plans to create original content.

When asked how all of Disney's proposed streaming programming-which could venture beyond the wholesome G-rated fare families expect, especially if it dives into the edgier end of Marvel-would work with the overall Disney brand, Iger likened it to its theme parks.

"Our goal here is to be a viable player in the direct-to-consumer space, space that we all know is a very, very compelling space to be in", said Iger.

Other new programs heading to the SVOD will include original TV series adaptations of Pixar's Monsters Inc. and Disney Channel's High School Musical franchise.

What realm of Marvel will this future show possibly explore? An example being, if a director or show producer has an idea, now Netflix is up against Disney, Hulu, Amazon and more for the rights to the show.

Mr. Iger also provided some information on pricing for the service, saying it will be "substantially below" that of Netflix Inc. because it will start with "substantially less volume". Shares initially dipped 3% after the company Thursday reported mixed results for the July-September quarter.

IBD'S TAKE: By learning to use call options, investors can significantly reduce risk and capitalize on basing stocks that are making breakaway gains caused by earnings reports. Instead, you'll need to subscribe to the upcoming ESPN standalone service, which will feature content from MLB, NHL, MLS, collegiate events, and tennis Grand Slams, and more.

The service is set to launch in 2019.

Despite producing a number of successful TV shows such as Daredevil, Jessica Jones, The Defenders and Luke Cage, Marvel owners Disney and Netflix are going to go their separate ways from now on. If you pay for cable, do you get to watch shows on ABC's site like you can now, or will they only live on Disney's streaming service?

The service will launch with "a lot of high quality" content and will increase its price as the platform adds titles over time. The new series that was announced today is unlikely to be based on the abandoned Underworld project.

It will develop a new "Star Wars" live action tv show along with other properties for subscribers.

Other reports by VideoGamingPros

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