Disney unveils first look at its new streaming service

The Netflix logo is shown in this illustration

There's plenty to be excited about ahead of the streaming service's November launch and Disney promises that it will rapidly expand globally following its USA debut. "Over the next 12 months, we expect a large quantity of existing Netflix content to migrate away from the service". But by the time the acquisition opportunity came up, and we knew we were going in this [streaming] space, we evaluated what we were buying through this new lens of "Wow, what would National Geographic mean to us?"

New shows already on tap include "The Mandalorian", the first live action "Star Wars" series, created by Jon Favreau; a prequel to the "Star Wars" film "Rogue One", starring Diego Luna; a series about the Marvel character Loki, starring Tom Hiddleston; a rebooted "High School Musical" series; and a new documentary series focused on Disney.

The company is banking on what it terms a "treasure trove" of assets to make its upcoming rival service, Disney+, a Netflix-killer.

Walt Disney shares rocketed to an all-time high Friday after the company revealed plans for its news streaming arena. The Marvel shows on Disney+, however, will be overseen by Feige himself, and will be "major storylines set in the MCU with ramifications that will be felt both through the other Disney+ series we'll be producing and the future on the big screen", according to the MCU architect.

Disney+ will combine offerings from powerhouse brands including Pixar, Marvel, and Star Wars with content from Hulu and sports network ESPN. The good news is that the company has hinted it'll be available on a wide variety of devices including games consoles and streaming sticks. With the official announcement of this show, it seems that we will be in store for more odd couple missions that we caught a bit of a glimpse of in Captain America: Civil War.


But John Meyer, an analyst and Transpire Ventures partner said he strongly believes Disney will not become a threat to Netflix.

"Netflix now knows what people want more than anybody", Meyer said.

Following its U.S debut, Disney+ will rapidly expand globally, with plans to be in almost all major regions of the world within the next two years. It will also release more than 25 original series and 10 original films, documentaries and specials by some of the industry's most prolific and creative storytellers.

At the same time, Google-owned YouTube has been steadily evolving from a global video sharing platform to an Internet-age television service. A monthly subscription will cost $6.99. Its animated classics, including "Aladdin" and "The Jungle Book" will be available on the service when it launches.

This year is also expected to see the launch of a streaming television service from WarnerMedia, the media-entertainment division of AT&T acquired in an $85-billion deal.

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