Yesterday Disney held their investor update with an extensive update on their upcoming streaming service titled "Disney+".
Expected to launch November 12th, 2019, the service will cost $6.99 a month and offers fans comprehensive access to content from Disney, Pixar, Marvel, Star Wars and National Geographic.
“Disney+ marks a bold step forward in an exciting new era for our company," chairman and CEO Bob Iger said during the presentation. "One in which consumers will have a direct connection to the incredible array of creative content that is The Walt Disney Company’s hallmark. We are confident that the combination of our unrivaled storytelling, beloved brands, iconic franchises, and cutting-edge technology will make Disney+ a standout in the marketplace, and deliver significant value for consumers and shareholders alike."
The new service will launch with a giant library of existing content that will also be bolstered by more than 25 original series and 10 original films, documentaries and specials.
“We’re extremely excited about our growing portfolio of direct-to-consumer offerings," chairman Kevin Mayer added. "As we demonstrated today, with Disney+ we will deliver extraordinary entertainment in innovative ways to audiences around the world,” said Mayer. “We’ll continue to enhance the user experience with a constant pipeline of high-quality programming, making the service even more appealing to consumers.”
The service will launch first in the United States this Winter and within two years is expected to be in all major regions of the world.