Disney to Give First Look at Disney+ at April 11 Investor Day
The late 2019 launch date for subscription streaming service Disney+ hasn't been given yet, but the Walt Disney Company will provide a first look at original content during its Disney Investor Day on April 11, 2019. The company offered a few clues to the service in its SEC report released late last week.
In the letter, Disney chairman and CEO Robert Iger says the acquisition of BamTech allowed his company to launch direct-to-consumer service ESPN+ quickly last year. ESPN+ had one million subscribers after five months.
“We have the structure and management in place to drive growth in our DTC business, and our acquisition of 21st Century Fox further enhances our ability to deliver significant value to consumers and shareholders," Iger wrote.
Original content currently in production for Disney+ includes "The Mandalorian," set inside the Star Wars universe, as well as one other live-action and one animated Star Wars series; a "High School Musical"-based show; an animated series based on "Monsters, Inc." and a live-action series based on "Lady and the Tramp"; as well as a live-action series starring Tom Hiddleston based on his Marvel character Loki.
The analysts at UBS see a bright future for Disney+. In a letter, UBS forecasts that the service will have 5 million subscribers in its first year and 50 million subs after 5 years. UBS sees Disney spending $1 billion on original content for the service in 2020, and $1.6 billion per year by 2025.
At The Walt Disney Studios StudioLab, Disney and a few key partners are hard at work creating the future of video collaboration and entertainment. Step in for a peek at the videoconferencing, virtual reality, and marketing display tools of tomorrow.
Yesterday's Walt Disney earning call was the first to spotlight the company's direct-to-consumer segment, showing deep investments in Disney+.
"If you do the math, it works out your favor," Viacom Digital Studio's Kelly Day tells an IBC audience, all the while praying that Disney's Jeffrey Katzenberg is right about short-form content.
Families can add some Disney characters to their kitchen by following Disney Eats videos. The company also announced its first-ever podcast.
When Disney removes its movies from Netflix in 2019, one-fifth of Netflix subscribers could decide to leave, according to a poll conducted by Fluent.