Content is king in the streaming game and so the more Disney+ has to offer, the more subscribers it will be able to entice.
Like Netflix, Disney Plus will be free of ads.
"We knew the best approach to the market was to create great content and distribute it in innovative ways".
In addition to originals, Disney+ will come with a deep library of existing movies and TV shows.
However, when you add in that all of that content from those cable channels and movies will also be appearing on the new Disney+ streaming service and potentially attracting new viewers, the price begins to be paid back that much faster with every new subscription to the service.
We finally have some information about the highly anticipated Disney streaming service. "We are confident that the combination of our unrivaled storytelling, beloved brands, iconic franchises, and cutting-edge technology will make Disney+ a standout in the marketplace, and deliver significant value for consumers and shareholders alike", Disney CEO Bob Iger said.
Analyst Neil Macker at Morningstar said Disney "came out swinging at its investor day with an aggressive price point" for its streaming service. "It is that simple".
The service's entire lineup will cover five categories: Disney, Pixar, Marvel, Star Wars and National Geographic.
If you've used Netflix you'll be familiar with how Disney+ works.
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Disney+ will also be available on a wide range of mobile and connected devices, including gaming consoles, streaming media players and smart TVs.
- Big spending on shows - Disney will invest heavily in the new streaming service, which is not expected to become profitable until 2024, chief financial officer Christine McCarthy told investors. Following its U.S debut, Disney plans to expand the service globally with the goal of being in almost all major regions of the world within two years.
"We will be aggressive in our efforts, and we believe we will succeed", McCarthy said.
"Netflix now knows what people want more than anybody", Meyer said.
One of the most exciting announcements made today is that within the first year, Disney+ will release more than 25 original series and 10 original movies, specials, and documentaries.
At the same time, Google-owned YouTube has been steadily evolving from a global video sharing platform to an Internet-age television service.
The new service, which will launch in the fall, is being priced very aggressively.
Also gearing up for streaming launches are: WarnerMedia, which owns studio Warner Bros (Lord of the Rings, The Lego Movie), HBO, and the rights to Netflix's biggest show, Friends; and Comcast's NBC Universal, owner of the United States version of The Office - another Netflix hit - as well as Jurassic World and Fast and Furious maker Universal.
"Captain Marvel" will be available at launch.