As most of you are aware, Netflix now costs anywhere between $7.99 and $13.99 a month to stream an array of studio content including the service's original series and films. "It will be substantially below Netflix because we'll have substantially less volume".
Netflix's base price in the U.S. is now US$7.99.
Original Movies: The Walt Disney Studios is producing four to five movies for the service each year.
"Our goal here is be a viable player in the direct-to-consumer space, space that we all know is a very, very compelling space to be in", he added. 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.
Disney reported earnings that fell short of expectations, sending the stock down after hours Thursday. How much would you be willing to pay for exclusive, all-original Star Wars and Marvel content - plus whatever else Disney might have up its sleeve?
Content Filtering: The service will not feature "R" rated content.
There are no details whatsoever regarding what either series will be about, but both are expected to debut before the end of 2019, soon after Disney launches their new service.More news: New TripAdvisor badge warns users of sexual assault at hotels
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Disney CEO and chairman Bob Iger said that a series based on the Pixar-owned Monsters franchise, another based on High School Musical and a Marvel Entertainment-produced shows were also being readied for the platform.
Indeed, the new movies will be completely separate from the so-called Skywalker saga on which the current films are based. I can't get specific with you yet, because we haven't determined it yet.
It will develop a new "Star Wars" live action tv show along with other properties for subscribers.
Where will it be available?
The launch of this new service is still two years away, so we're obviously still waiting for more information. An worldwide version of the service might release before the USA launch, however, due to streaming rights. A subscription costs £4.99 per month, and now, there are no plans to launch DisneyLife outside of Europe.
That may explain Disney's interest in acquiring large parts of 21st Century Fox Inc., including its film studio, some cable channels and stake in consumer TV services such as Sky Plc and Hulu LLC.