Connect with us

Business

VIDEO STREAMING: Disney joins the race to take down Netflix

Published

on

VIDEO STREAMING: Disney joins the race to take down Netflix

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.

Read also: South African TV personality plans movie on Nigerian chess whiz-kid

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.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations