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VIDEO STREAMING: Disney joins the race to take down Netflix

by on November 12, 2019
 

Multinational media and entertainment conglomerate, Walt Disney Company, on Tuesday launched its own online video stream/on-demand video platform. Disney+.

The launch will see Disney rival Netflix, Amazon, and Apple for the market share.

AT&T and Comcast are bidding to enter the streaming market by next year, making the video streaming competition stiffer.

Disney pegged it subscription at $7 per month, despite some of its rivals charging less per month. Apple TV+ subscription is $4.99 per month; Amazon Prime Video is $5.99 per month – after charging $2.99 per month for the first six months – while Netflix charges a little higher than the new platform with 99c per month.

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Disney is hoping to take hold of the market with its deal with Verizon Communication Inc, that will see 19 million customers get access to Disney+ for free for the first year while Disney fan Club member can prepay for a three-year subscription for less than $4 per month.

Unlike Netflix that releases all episodes of its new seasons, Disney+ plans to release its own one per week. The move may not sustain its users.

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