In addition to Disney+, the company is looking to bring its ESPN+ and Hulu services to more countries outside of the US, although it's unclear if that includes Canada. The service will also be rolled out in other markets throughout the world in stages, with plans to be in almost all major regions of the world within the next two years.
Disney will be offering Disney+ to its United States customers starting from 12 November 2019 onwards for Dollars 6.99 (~RM 28.81) while a yearly subscription is available for USD 69.99 (~RM 280).
The Disney+ programming will draw in part from Disney's deep library of classic family films.
Pixar will have its library available at launch and will also be home to Toy Story 4. Company CEO Bob Iger shared a screenshot of the Disney+ UI on his Twitter site, and it features rows of rectangular icons. Iger has led the company since 2005 and expects to step down when his contract ends in 2021.
Although Disney has an enviable track record of producing shows and films that attract huge audiences, its attempt to build its own Netflix is risky. But Disney+ is going to push several heroes into the spotlight.
"The interesting thing is both companies have ended up in the same place, but they've come to it from vastly different backgrounds", he said.
The digital push is Disney's response to cord-cutting, the dropping of cable service that has hit its ESPN sports network and other channels, and the rise of Netflix Inc. "We'll continue to enhance the user experience with a constant pipeline of high-quality programming, making the service even more appealing to consumers".
Indeed, Disney used the day to showcase all the ways in which it is the world's biggest entertainment company, with tentacles and entities that expand around the globe. Now titled Disney+, the service will give subscribers exclusive, ad-free access to highlights from the Disney vault, as well as original films and TV shows that won't be available anywhere else.
An untitled docuseries focused on Walt Disney Imagineering, which chronicles the people behind the attractions at Disney's parks worldwide with never-before-seen footage, will also appear on the slate. Disney is flexing pretty hard right now with all of these announcements and it's going to be insane when they finally release their streaming service later this year.
On most fronts, 2019 looks like a landmark year for Disney. There will probably be bundles with its other products ESPN+ and Hulu and it is created to be an ad-free subscription service.
Terminating its deal with Netflix will cost Disney about $150 million in licensing revenue alone during its current fiscal year ending in September. Of course, Disney had its own talent on hand, including Favreau, who discussed The Mandalorian and introduced a clip for the new Lion King, which he directed. As it stands, some of Hulu's original series are already on Canadian streaming services, such as the filmed-in-Toronto The Handmaid's Tale, which is available on Bell's Crave platform.
The plunge into video streaming is likely to confront Disney with new challenges.
The Simpsons will also join Disney+: The first 30 seasons of The Simpsons will also be available on Disney+ on launch day.