Posted on 11/13/2019 1:12:57 PM PST by FewsOrange
Disney’s new streaming service, Disney+, has already seen 10 million sign-ups since launching Tuesday, the company announced Wednesday. Disney’s stock was up 7.35% by Wednesday’s close, adding more than $13 billion to its market cap, which now sits at $268 billion. Netflix shares were down 3.1%. Disney’s new streaming service launched Tuesday with some technical errors that prevented some users from connecting with the service. But that didn’t stop customers from flooding the sign-up page.
At $6.99 per month or $69.99 per year, Disney+ is significantly cheaper than competitors such as Netflix, which charges $12.99 for its most popular standard HD plan. Disney is offering a seven-day free trial, so likely not all of the sign-ups represent customers who will continue to pay for the service. Disney did not immediately respond to a question about whether the 10 million sign-up figure included presales. Verizon is also offering its customers a free year of Disney+, which could further boost its subscriber numbers. Even with the promotional deals, Disney+ has already achieved huge sign-up numbers while competitors such as Netflix and Hulu have taken years to build their audiences. The company has already signed up more than 10% of the high end of its forecast of 60 million to 90 million subscribers by the end of 2024.
Disney+ has yet to roll out to many countries beyond the U.S., Canada and the Netherlands, which were included in Tuesday’s launch. The platform will be available in Australia and New Zealand on Nov. 19. More countries will get Disney+ in the coming months. For comparison, it took CBS about five years to reach 8 million streaming subscribers combined for CBS All Access and Showtime. CBS said it reached its subscriber goal two years earlier than expected. Disney-owned Hulu, which has an advertising-based streaming model, claimed more than 28 million subscribers in May. Of those subscribers, 26.8 million are monthly paying customers, while the remaining have promotional accounts. Netflix claimed more than 60 million paid domestic members in its third quarter of 2019 and more than 97 million international paid members.
In short, Disney has made a significant move against its rivals just over a day since launching, even before Disney+ becomes fully available across the globe.
Anyone tried it yet, I downloaded the app to my phone but haven’t bothered signing up yet.
Nope. No $$ to Disney, the first business that I recall to go full pro homosexual.
In before the lecture about supporting Disney ...
Rather than join, just write a check to the Clinton Foundation or the Southern Poverty Law Center. You will be having the same impact.
The free market system at work!
I heard things went very very ssssllllooooooooooow
as someone who owns a large number of DIS stock for more than 25 years, thank you for everyone who bought a subscription!!!
Verizon is also offering its customers a free year of Disney+, which could further boost its subscriber numbers.
Key point. The vast majority of Disney+ subs are no doubt freebies from Verizon. Disney did something similar when ESPN+ launched. They rolled their old paid subscriber base into the new ESPN+ and claimed them as new subscribers to hype the launch of ESPN+.
I’m sure I will still be able to get Disney content from Netflix via my DVD subscription. Disney can’t keep Netflix from buying discs.
They busted Disney employees last weekend for child porn. No surprise there.
I’ll torrent the Star Wars show, but I’ll be damnned if I give a dollar to the Walt Epstine Co. (who might I add did not kill himself).
We have Verizon so have it free. It works, based on the Hulu platform which is what we use for tv through Hulu Live.
What does this get you, exactly?
I have Verizon and was not offered such a thing. It must be strictly for new customers and probably not a huge number due to most having it already.
Content providers getting into the streaming business means Nexflix will not be able to compete. A Nexflix competitor will not sell content to Netflex. The big boys are about take over streaming content. Bye bye Netflix, you had a good run, maybe AT&T or Disney will buy you.
“I have Verizon and was not offered such a thing. It must be strictly for new customers and probably not a huge number due to most having it already.”
It depends on which Verizon plan you have
https://www.verizonwireless.com/support/disney-faqs/
Starting 11/12/19, for a limited time, you’re eligible to get the Disney+ promotion when you either:
Have or get 1 or more unlimited data plans.
Eligible plans include the Verizon Unlimited plan, Go Unlimited, Beyond Unlimited, Above Unlimited, Get More Unlimited, Do More Unlimited, Play More Unlimited and Start Unlimited and select previously offered unlimited plans. (Learn more about our currently available unlimited plans and previously offered unlimited plans).
You can also get Disney+ on us for 12 months when you get Verizon Fios Home Internet. Visit our Verizon Fios and Disney+ FAQs to learn more.
Note: Business accounts and prepaid accounts aren’t eligible for the “Disney+on us” promotion.
Yes, I signed up last week and paid the 69.99 yearly option. You get a week before they bill you, so you can try it out a week for free.
A lot of haters on here will tell me how bad it is to give them money, but the content is worth that to my family.
Watched the first episode of the Mandalorian and it looks good so far. Much better than the last Star Wars movie.
Overall, I like what I see, so far. They have separate sections for Pixar, Star Wars, Marvel, and some others. A lot of classic Disney, with many of the newer movies also.
You were just beat out by someone...
Why do you think Netflix started making their own content. Not to mention the international stuff. Netflix will be fine.
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