United States  

Trusted News Discovery Since 2008
One News Page
One News Page United States > Business News > Disney+ streaming service exceeds expectations with 10mln sign-ups

Disney+ streaming service exceeds expectations with 10mln sign-ups

Proactive Investors Thursday, 14 November 2019
Walt Disney Co. (NYSE:DIS) said its new Disney+ streaming service exceeded expectations as 10mln people signed up on the first day. After launching the new service in the US, Canada and the Netherlands on Tuesday, technical glitches led to 7,000 formal complaints and a flood of social media huffing from frustrated fans. READ: Disney gets revenue boost from film revamps, parks but streaming service costs weigh on earnings The platform is slated to enter Australia, New Zealand and Puerto Rico next week, while the UK and other European markets will have to wait until next March. Subscription comes at US$6.99, which is half the price of competitors such as Netflix Inc (NASDQA:NFLX) and Amazon.com Inc’s (NASDAQ:AMZN) Prime, and features from Disney, Pixar, Marvel, Star Wars and National Geographic as well as original exclusive content. Users can also bundle Disney+ with the company's Hulu and ESPN+ streaming services for a total of US$12.99 per month, a cost that is in line with its rivals. When you are just trying to watch #DisneyPlus but you keep getting a connection error message. pic.twitter.com/fnTlrzVQIg — KSRebelBelle18 (@KSRebelBelle18) November 12, 2019 This week's launch will lift Disney closer to the realm of the big streaming service players, having a total of 40.3mln viewers across its Disney+, Hulu and ESPN+ platform triumvirate, getting close to Netflix’s 60mln users, while Amazon doesn’t disclose the number of Prime Video users. The 'House of Mouse', which plans to reach between 60mln and 90mln subscriptions by 2024, has been investing heavily in the project, with losses in the past quarter in the direct-to-consumer business nearly doubling year-on-year to US$740mln to support the launch. Disney stock, already up 12% since the start of the month and more than 36% so far this year, was up slightly to US$149.25 in pre-market trading on Thursday, having closed at US$148.72 a day earlier.
0
shares
ShareTweetSavePostSend
 
Credit: WCPO Cincinnati - Published < > Embed
News video: Disney Plus launches...but with some glitches

Disney Plus launches...but with some glitches 01:52

The most anticipated TV streaming service in years is finally here: Disney Plus launched early in the morning of November 12th, and immediately shook up the set-top streaming wars. But it was not without some growing pains, including error codes, network congestion messages, and slow downloads for...

You Might Like


Recent related videos from verified sources

Don't Waste Your Money: Streaming service confusion [Video]Don't Waste Your Money: Streaming service confusion

It used to be that cutting the cord and signing up for a streaming service was a great way to save, but now — with dozens of hyper-specific options — trying to get everything you want might add..

Credit: WCPO Cincinnati     Duration: 02:00Published

CBS Is planning improved streaming service [Video]CBS Is planning improved streaming service

The new service will expand upon CBS All Access and offer a variety of Viacom networks to its customers.

Credit: Cover Video STUDIO     Duration: 01:24Published


Recent related news from verified sources

Star Wars: Galaxy's Edge is strong force for Disney's theme parks

The Walt Disney Co.'s theme parks are a strong division for the media giant, thanks to many additions such as Star Wars: Galaxy's Edge. The Burbank,...
bizjournals

NBCUniversal in Talks to Buy Walmart’s Vudu Streaming Service

NBCUniversal in Talks to Buy Walmart’s Vudu Streaming Service
Comcast’s NBCUniversal is in talks to Vudu, Walmart’s free ad-supported streaming service, on the eve of the company’s planned spring launch of its own new...
The Wrap


Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.