In less than two months of its opening launch, Disney+ (Disney Plus) is valued more than $100 billion. The global streaming service has been dominated by Netflix over the last decade. Besides Netflix, Amazon Prime has been picking up its pace in the streaming industry over a couple of years.
Disney+ and Walt Disney Co.
Disney+, an American streaming service owned and operated by the Direct-to-Consumer & International division of The Walt Disney Company, was launched in November 12, 2019. According to a new report, “Disney+, Hulu and ESPN+ are being valued at $107 to $108 billion combined by investors.” Including the recent Disney+ funding from the investors, the total value of the Walt Disney co. is currently worth nearly $320 billion. This meant that other services sectors of the company including its movie studio, theme parks, and TV programs, are valued at approximately $213 billion. At present, Netflix is valued around $156 billion.
The Walt Disney Co. had spent a huge amount on acquiring and joint venture to expand its streaming video services nearly over last three years. The company started launching ESPN+ in April 2018 in partnership with ESPN Inc. and acquired Hulu, which was founded in 2007, after its merger with Fox cable network. Since December 2017, Disney had been pursuing to acquire 21st Century Fox production and 30% stake in Hulu, the acquisition deal was finally concluded on March 20, 2019.
Under the deal, Disney will be controlling 60% interest in Hulu. In April 2019, Hulu officials said, “… AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion. The Walt Disney Co. wound up with a 60% share after its purchase of much of 21st Century Fox, which included Fox’s Hulu stake.” While combining both of those services, ESPN+ and Hulu accounted for a $108 billion figure, as reported by a news channel, “neither service was worth anywhere near that before Disney+ launched last November.”
Disney+ Programs and Expansion
Disney+ will provide several programs of film and television content based on Walt Disney Studios and Walt Disney Television. The streaming service will show the new or existing original films and television series which are associated with channels including Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox.
Besides this existing tough competition from Netflix and Amazon Prime, new other streaming competitors have started entering in the competition. In 2020, several new agencies including HBO Max, NBC’s Peacock, and Quibi will be opening their debut service. Disney+ launched with The Mandalorian, the first-ever live-action Star Wars TV Show. Certain subscribers left the Disney+ service after the end of the first season. To attract more customers, Disney is planning to start several TV programs for 2020 such as Marvel shows including The Falcon and the Winter Soldier and WandaVision. Disney ensures that the programs will be shown in the high-quality content in a view to compete with Netflix for the coming years.
Disney currently offers a subscription price of $12.99 per month, which includes all three services. Following the first day of its opening in the US, Disney+ had seen that than 10 million subscribers logged into it. Comparing it, Netflix currently has more than 150 million subscribers worldwide.
I’m Roshan, a journalist, blogger and music lover. I like covering global news related to finance, business, and technology. Focusing on the collection of true and reliable information, I rely on working by conducting interviews with business leaders and talking to the inside sources of companies.
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