Disney's New Streaming Service Will Cost "Substantially" Less Than Netflix

Walt Disney Co

Walt Disney Co

Disney says its service will include 500 plans from its popular library - including Star Wars and Marvel movies - and about 7,000 episodes of Disney TV. Iger didn't reveal any pricing, but suggested that since it would have less volume that streaming services like Netflix or Hulu Plus, "the pricing will reflect that".

Of course, for us fans, our minds immediately went to the Marvel Cinematic Universe. Something similar happening to the Fantastic Four brand would be a real shot in the arm for the property, so here's hoping that the two companies will be able to work something out.

As reported by The Wrap, Iger explained that the price of the service will be connected to the amount of content that it will carry.

Disney's streaming service, which will feature original content in addition to existing Disney films and TV shows, is slated to launch in 2019.

Disney rose 2.9% to 105.64 in afternoon trading in the stock market today.

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The deal between Disney and 21st Century Fox can still happen, a new report from CNBC indicates.

Netflix investors are taking notice of the Disney threat.

Netflix, Inc. shares fell $1.10 (-0.57%) in premarket trading Friday.

In a step that will further cement Disney's strong position as a content powerhouse, Iger also unveiled a deal to develop a new "Star Wars" trilogy.

Speaking Thursday, Iger said explicitly that Disney is not trying to make a Netflix killer, saying on the company's conference call that, "Our goal here is to be a viable player in the direct-to-consumer space, [a] space that we all know is a very, very compelling space to be in".

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