Disney bets billions on content for streaming battle with Netflix

Original article by Max Mason
The Australian Financial Review – Page: 23 : 13-Nov-19

The Disney+ subscription video-on-demand service will be launched in Australia on 19 November, following its US debut. Walt Disney Company has revealed plans to invest $US1bn in original content for the new streaming service in 2019, which will increase to $US2.5bn ($3.65bn) by 2024. The media giant forecasts that Disney+ will boast between 60 million and 90 million paid subscribers by fiscal 2024. Netflix is investing some $US15bn on original content during 2019.

CORPORATES
WALT DISNEY COMPANY, DISNEY+, NETFLIX INCORPORATED, 21ST CENTURY FOX INCORPORATED

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