Wednesday, May 22, 2024
Subscribe Now

Voice Of The Crew - Since 2002

Los Angeles, California

HomeNewsThe Ripple Effects of Disney’s Fox Acquisition

The Ripple Effects of Disney’s Fox Acquisition

-

Disney+.LogoOn Thursday, April 11th,  the Walt Disney Co. announced the news of its upcoming launch of the Disney+ streaming service. The rival streaming service is set to launch on November 12 of this year at $7 a month or $70 a year, which undercuts Netflix’s most popular U.S. plan at $11 a month. Taking a short term loss in cost, Disney will lose the easy money that came with Netflix licensing deals so that Disney, Marvel and Lucasfilm content becomes Disney+ exclusive.

Disney.Effects.Netflix

Netflix shares fell as much as 5 percent to $349.36 shortly after the open in New York Friday, sending its market as low as $152.5 billion. Disney went the opposite way. Its shares jumped to a record high, adding as much as $25 billion in market value, for a total of about $235 billion.

For more information please visit:
www.bloomberg.com/news/articles/2019-04-12/netflix-just-dropped-8-billion-in-market-value-on-disney-news

- Advertisment -

Popular

SISU Cinema Robotics Announces SISU Battery Box for Robotic Camera Equipment

0
SISU Cinema Robotics has been transforming the landscape of robotic camera equipment by introducing user-friendly cinema technology designed to keep pace with the demands...

Beowulf and 3-D