Disney Shares Hit All-Time High after Unveiling its Streaming Service

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In its first year, Disney+ will release more than 25 original series and 10 original films, documentaries, and specials.

Kevin Mayer, chairman, Direct-to-Consumer and International at Disney, said, “We’re extremely excited about our growing portfolio of direct-to-consumer offerings… with Disney+ we will deliver extraordinary entertainment in innovative ways to audiences around the world. We’ll continue to enhance the user experience with a constant pipeline of high-quality programming, making the service even more appealing to consumers.”

Disney aims to gains around 60 million to 90 million subscribers for its streaming service globally by the end of 2024.

Iger explains why Disney+ has advantage in the marketplace

During an interview with CNBC’s David Faber, Iger expressed optimism that Disney+ will be successful.

He emphasized that Disney+ has an advantage in the marketplace because people love the company’s brands. According to him, there is a huge number of people worldwide spending money on its brands.