Disney Unveils Its First New Streaming Platform To Compete With Netflix
After approximately two years of rumor and speculation, Disney finally announced its new streaming platform, Disney + on Thursday. The company announced they're releasing their streaming platform at their Investor Day on Thursday in Burbank, California.
This is a big day for Netflix, considering Disney has access to massive amounts of both money and content, including all of the Marvel films as well as Star Wars. Two years ago, Disney announced they were pulling content from Netflix's roster, and the streaming wars subsequently began.
Disney told investors and the media they were unveiling their own platform which would be stark competition to the streaming juggernauts du jour, Netflix, the brand that started it all. However, Disney hasn't revealed much detail about it, merely claiming they'll focus on "the company's direct-to-consumer streaming services."
This all comes on the heels of Disney's recent acquisition of 20th Century Fox, an event proselytized by industry insiders for many years, including writers for The Simpsons and Family Guy.
As it was previously reported, Disney began its acquisition of 20th Century Fox on the 20th of March, 2019, approximately one month ago. This means Disney takes over much of their programming, including Fox News, Fox Television Stations, Fox Business Network, etc.
Regarding their competition with Netflix, insiders have claimed Netflix knew this day was coming for years now, one of the primary reasons for why they've begun producing so much content as of late.
As the years go by, more and more companies are introducing their very own brands of streaming services, so Netflix has to begin making content, otherwise, they won't have anything to put on their platform, because competitors will pull all of their content.
Yesterday, it was reported that Netflix is in talks for purchasing the Egyptian Theatre in Hollywood. The idea is to appease the movie-making industry and their standards for potential nominations at awards ceremonies, including the Oscars. Films must receive a theatrical screening for at least three months before earning the right for an Academy Awards acknowledgment.