Iger said Disney is considering licensing third-party content for the service, "provided the product fits with the Disney brand".
"We've given a lot of thought to pricing", Iger said during the earnings call on Thursday.
Taking control of streaming is a "big strategic shift" for Disney, Iger explained.
Walt Disney's shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant's commitment to build a service that will compete aggressively with video streaming pioneer Netflix. Netflix stock peaked at 204.38 on October 17, a day after posting better-than-expected third-quarter results.
As part of its plans to create a brand new streaming platform to rival the likes of Netflix and Amazon Prime, Disney has also revealed it will be producing brand new original content. Disney CEO Bob Iger made the announcement on the company's fourth quarter earnings call.
As for its cable networks, operating income decreased US$15 million to US$1.2 billion due to a decrease at Freeform and partially offset by growth at the Disney Channels due to higher program sales. "But it'll simply launch with less volume, and the price will reflect that", he said. "Our goal is to attract as many subs as possible starting out, ' he said, reflecting his desire to build up a massive audience".
Whether Netflix can get away with those prices when Disney enters the market is another question. Netflix now charges between $8 and $12 a month. It also offers a premium plan for $13.99 a month, which allows ultra-high definition streaming on up to four screens at the same time.
Disney's new service, then, doesn't really pose a risk to Netflix in terms of subscribers jumping ship, or even all that large of a threat that folks won't sign up for Netflix. Netflix ended the September quarter with 109.25 million streaming subscribers worldwide, including 52.77 million in the USA and 56.48 million in global markets.
Through Tuesday, Carnival Cruise Line is running a special booking promotion for active and retired military personnel. Note, I was sent a coupon for this deal via email, so please check that they'll honor this offer without a coupon.
Moscovici , the French member of the Commission, said the decision over closing the procedure will be taken in spring 2018. Its real GDP is expected to increase at an average pace of around 2.1 percent per year over the 2017-to- 2019 period.
On October 23, several policemen were left wounded when their vehicle was targeted in an IED blast in Hazar Ganji area of Quetta. Meanwhile, Chief Minister of Balochistan Sanaullah Zahri strongly condemned the attack and summoned report as early as possible.
BBC has unveiled what would be Whittaker's signature costume when the Thirteenth Doctor starts her episodes in 2018. Whittaker's costume is a colorful, unique outfit with suspenders , rolled up pants , boots and a large open coat .
Users could be gaming, streaming video or browsing through their social feeds while fast charging their smartphones. But, that's not the case with dash charger - you can simply plug-in and use you phone for anything and at anytime.
Bennett is getting different input from doctors on how to proceed with the injury after missing Monday's loss to the Lions. The Packers' other two tight ends, Richard Rodgers and Lance Kendricks, have a total of 12 catches this season.
Those raided were her nephew and AIADMK challenger TTV Dhinakaran and nephew and Jaya TV MD Vivek Jayaraman in Chennai . The sources said that the raids at the TV channel's accounts branch is part of "Operation Clean Money".
Swift allowed the performers of the song - her friends, Little Big Town , who had a hit with the single - to accept for her. The talk of the town Wednesday for many Taylor Swift fans was whether she would make an appearance at the show .
Units assigned to the strike force will conduct coordinated operations in worldwide waters to demonstrate the U.S. Trump also noted that the three US aircraft carriers "are appropriately positioned" near the Korean Peninsula.
Xbox One X goes on sale across the UK
Ultimately, the Xbox One X is for people who take gaming very seriously, or those just getting started with the Xbox. That allows it not only to power the extra pixels required for 4K, much more work than in normal 1080p HD.
JLR drives tripling in Tata Motors net
JLR CEO Ralf Speth said, "We have delivered solid growth in quarterly profit and revenues amid rising demand for our products". Net profit for the quarter ended September 30 came in at Rs 2,483 crore ($382.10 million), versus Rs 828 crore a year ago.