Disney is taking control of Hulu, an announcement on Tuesday advised, with Comcast agreeing to a deal to provide operational control of the streaming service to Disney, as well as to sell its stake to the media giant for at least $9.2 billion within the next five years.
Following Disney's announcement regarding pricing and availability of its Disney+ streaming service, CEO Bob Iger elaborated on the upcoming release, saying the company plans to offer the product on Apple TV.
Disney at an investor event held at the company's California headquarters on Thursday revealed detailed plans for Disney+, a new video streaming service scheduled to go live in November with media giant's diverse catalog of movies, television shows and original content.
The new Apple News+ service has landed for us all, but we've only had a sneak peek at Apple TV+, Apple TV Channels, and Apple Arcade. Apple's March 25 event came with almost no detail on what didn't launch immediately, but the company has proven that it can literally afford to keep us waiting like it has before, because it has a plan and the wherewithal to wait out the slings and arrows.
Disney has closed its $70 billion acquisition of assets from 21st Century Fox, giving the entertainment company control of a considerable amount of content and studios, control which could become a problem for Apple and streaming video providers in general.
Disney CEO Bob Iger at the company's annual shareholders meeting on Thursday confirmed that the forthcoming Disney+ streaming service will incorporate Disney's entire movie library, including classic films that often remain out of circulation.
Following a takeover of 21st Century Fox, Disney is moving ahead with plans to launch a streaming service chock-full of blockbuster movies and TV shows pulled from its increasingly deep well of original content.
Microsoft has become the latest movie storefront to join Disney's Movies Anywhere, allowing for video content bought from online storefronts like iTunes and Amazon to be watched via Microsoft Movies & TV apps for the Xbox One game console and Windows desktops.
Vying against Comcast, Disney has passed a critical obstacle in its push to acquire 21st Century Fox: antitrust approval from the U.S. Justice Department, contingent on divesting itself of some of Fox's assets should a deal go through.
Comcast on Wednesday confirmed rumors that it intends to outbid Disney for 21st Century Fox and some of its subsidiaries, in a deal that could radically shake up the streaming media landscape — if it's approved.
Disney on Thursday launched ESPN+, its entirely internet-based sports streaming service intended to appeal to cord-cutters using technology that it will likely use to launch its own streaming service in the near future.
As part of a larger reorganization, Disney on Wednesday announced the creation of a new division for its streaming video and international operations, which will oversee two upcoming video services: ESPN+, and the company's as-yet-unnamed family-friendly offering.