Disney+ launch | Pixr8 News

Walt Disney Co. said it signed up 10 million subscribers for Disney+ within a day of launching its new streaming television service. The company said in a statement it has seen "extraordinary consumer demand" and "has already reached a major milestone, achieving a remarkable 10 million sign-ups since launching." The news comes despite a launch marred by glitches which prevented many customers from accessing titles from Mickey Mouse cartoons to Star Wars. Disney+ marks a huge bet by the media-entertainment giant, pitching it into direct conflict with on-demand services such as Hotstar, Netflix, Zee5 and Amazon Prime which have disrupted the Hollywood & Bollywood media landscape. It went live Tuesday across the US, Canada and later move to Asia, featuring thousands of movies and...

Netflix gave a weak forecast that unnerved investors just as Walt Disney and others prepare to escalate Hollywood’s streaming video wars, although the company’s quarterly results beat Wall Street targets. Shares of Netflix traded down about 1 percent at $355.02 in after-the-bell trading. Netflix predicted it would pick up 5 million new streaming subscribers from April through June. That was below the 5.48 million consensus of industry analysts surveyed by FactSet. “What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” said Haris Anwar, senior analyst at Investing.com. “This is made all the more prominent by the looming threat of competition from Disney and Apple.” Netflix added a record number of paid streaming customers...

Tag: Disney+ launch

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