Kevin Feige on the ‘Major Storylines’ Present in Marvel’s Disney+ Shows

Disney+ Confirms Vision and Scarlet Witch, What If?, And More Marvel Shows

The streaming service wars are about to heat up. The company also said it expects to add about 5 million subscribers in the quarter, about 1 million lower than Wall Street's expectation.

Analysts says Disney's announcement shows it is giving no quarter as it battles Netflix, Amazon Prime Video, Hulu and an upcoming service from Apple.

Netflix's performance may help ease any worries related to a recent price hike that raised the cost of its most popular plan to $13 a month, a $2 increase.

Netflix predicted it would pick up five million new streaming subscribers from April through June.

We finally have some information about the highly anticipated Disney streaming service.

Nevertheless, Netflix shares dropped as much as 4% in after-hours trading today.

While US consumers are expected to see their basic plan's monthly fee increase from $8 to $9 per month this month, Netflix has introduced cheaper mobile-only pricing plans for subscribers in some Asian countries.

When Disney+ launches it will have a huge 7,500 title library of theatrical and television content. The new streaming platform launches on November 12, 2019, and the full series will be available for fans immediately. The company's acquisition of Fox's assets has given it a majority stake in online streaming service Hulu, which is jointly controlled by Disney, AT&T's (T) WarnerMedia, and Comcast's (CMCSA) NBCUniversal.

More news: A new LEGO Star Wars game just got outed by General Grievous

But the company reduced its earnings guidance for the second quarter from $0.99 per share to $0.55, prompting the initial sell-off.

"Netflix is balancing subscriber additions with a shift toward profitability", Geetha Ranganathan, an analyst with Bloomberg Intelligence, said in a report.

Netflix also is in talks to purchase the historic Egyptian Theatre in Hollywood to allow its films to more easily compete for Academy Awards, after "Roma" director Alfonso Cuarón won Oscars for best director and best cinematographer.

"Shares did see meaningful volatility around earnings in the past, including double-digit moves following four of the eight quarters from 2016 through 2017, and options continue to price in the potential for outsized moves", Susquehanna International Group derivatives strategist Chris Jacobson said in an interview.

Disney CEO Bob Iger and other executives, including Marvel Studios President Kevin Feige, unveiled new details about the streaming service during an investor presentation on Thursday.

For years, investors have rewarded Netflix for spending ever-larger sums of money on new shows, confident in the company's assertions that those investments are yielding new customers. The $6.99 per month price point won't hurt either.

The company projected that it would have from 60 million to 90 million subscribers by that time, with two-thirds of them outside the United States.

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