Los Angeles: Walt Disney announced on Thursday that it will aggressively expand its Marvel and Star Wars franchise with its Disney + subscription streaming service. This is due to the 86.8 million subscribers and nearly the most ambitious 2024 goal.
The Entertainment Conglomerate said it plans to release 10 new TV series in each of the two franchises over the next few years. In addition, 15 live-action Disney animations and Pixar shows and 15 Disney animations and Pixar feature films will be available on streaming services.
In a presentation to investors, executives said customers should expect something new every week.
In after-hours trading during the presentation, Disney’s share price rose 4%.
Hollywood is strictly following Disney’s plans a week after overturning the movie business, saying that AT & TInc’s Warner Bros. will debut all 17 2021 movies on HBO Max streaming service the same day it screened in the cinema. .. [L1N2IJ1ZJ]..
Launched a year ago by Netflix Inc’s rival Disney, Disney + predicts that it will have 60 to 90 million subscribers worldwide by 2024. The company has approximately 137 million subscribers, including Hulu and ESPN + Sports Streaming Services.
Netflix, a streaming pioneer in 2007, had 195 million paying subscribers as of the end of October.
Disney also announced that it will launch a comprehensive entertainment service for star brands in the international market in February 2021.
In October, Disney announced that it would reorganize its company to focus more on streaming than traditional linear televisions to better meet customer demands. Next year, we plan to provide a streaming platform overseas under the Star brand.
Movie chains such as AMC Entertainment Holdings Inc, Cineworld Group, and Cinemark Holdings Inc are watching to see if Disney, the box office leader last year, plans to make major changes to the movie slate set for theaters.
Disney and other studios have previously moved some movies to streaming. Coronavirus The pandemic has closed many movie theaters.
Hollywood trade magazines report that Disney is considering moving the release of live-action films such as “Pinocchio” and “Peter Pan & Wendy” starring Tom Hanks from the theater to Disney +. I will.
Disney + was boosted by the popularity of the “Mandalorian” TV series, a spin-off of “Star Wars” featuring a character commonly known as Baby Yoda.
Disney Expands Marvel, Star Wars On Disney +
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