Disney promise its streaming TV service will be cheaper than Netflix

Disney promise its streaming TV service will be cheaper than Netflix

Disney promise its streaming TV service will be cheaper than Netflix

If you feel that Netflix charges users a bit too much for its streaming content, don't worry, Disney's CEO thinks so too.

Robert Iger, chief executive of Walt Disney Co, also revealed details of the first shows that will be released. Ben Fritz of the Wall Street Journal notes that Disney would also develop shows based on Disney properties such as, Monsters Inc., Marvel, and High School Musical.

Other assets of Fox that would fall under Disney's influence if a merger is successful include the FX Channel, NatGeo Channel and Sky Television - Europe's biggest media company - in addition to Fox's film studio. "But man now I REALLY hope you like The Last Jedi".

Iger said the service will use Disney, Pixar, Marvel and Star Wars content but that everything has to adhere to Disney's G-rated standards and filtering features will be available for parents letting their kids use the service.

Disney is now developing on a standalone streaming service - and it hasn't been shy about discussing it with the media.

During a very exciting earnings call, Walt Disney Company chairman and CEO Bob Iger revealed some of the plans for the company's now unnamed streaming service, set to launch in 2019.

If the traditional cable bundle were where Iger thought Disney could derive the most value for its content, it wouldn't be breaking out its content into separate offerings, a la its forthcoming ESPN bundle next year. "Our goal is to attract as many subs as possible starting out, ' he said, reflecting his desire to build up a massive audience". Iger did not address reports that ESPN was planning layoffs of about 100 employees, as reported by several media outlets - and ESPN spokesperson Mike Soltys declined comment on the report.

Netflix, Inc. shares fell $1.10 (-0.57%) in premarket trading Friday. Its most popular plan, which allows high-definition video streaming on two devices at a time, costs $10.99 a month.

A standalone streaming service for ESPN, which will be known as ESPN Plus (ESPN+), is expected to launch in the spring of 2018. The series was originally ordered for the ABC Family.

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