Disney (NYSE:DIS) is betting big on the streaming services market. The company has the capacity and resources to create a niche for itself owing to its popular franchises and brand value.
Disney’s upcoming streaming service, Disney+, is likely to cost lower than Netflix (NASDAQ:NFLX) , which recently hiked its subscription prices in the range of 13% to 18% for U.S. customers.
Moreover, Hulu recently cut the price of its basic ad-supported plan by $2 to $5.99/month, making it the most affordable streaming service in the U.S. market. However, Hulu hiked the price of its live TV offering by $5 to $44.99/month while its ad-free version remains unchanged at $11.99/month.
Notably, Disney, which currently holds 30% stake in Hulu, is entitled to another 30% stake after acquiring Fox. Comcast (NASDAQ:CMCSA) owns 30% stake in Hulu and AT & T the remaining 10%.
The Walt Disney Company Revenue (TTM)
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