Disney fires shot at Netflix with US$13-a-month streaming bundle

Disney to Offer Hulu Disney+ ESPN+ Bundle for $12.99 a Month

Even before the Disney acquisition of Fox was completed we knew that the company was developing TV reboots of some of its classic properties. The upcoming Disney Plus service will cost $7.

Walt Disney Co (DIS.N) reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox. It's an additional packaged offering from Disney, and it's a good one - starting on November 12, as a complement to the company launching its much-anticipated Disney+ Netflix rival for $6.99, Disney will also launch a separate mega-bundle on that same day. That compared with $1.87 a share on revenue of $15.23 billion during the same period of time previous year.

In addition to Avatar, Planet of the Apes, X-Men and Deadpool, "we're also focused on leveraging Fox's vast library of great titles to further enrich the content mix on our DTC platforms [Disney+ and Hulu]", he said.

Analysts had predicted earnings of $1.72 a share and sales of $21.45 billion in the quarter.

Iger also noted the extraordinary recent success of Disney's own movies in recent months.

More news: CCTV Shows Crowds Fleeing, Police Opening Fire, During Mass Shooting in Dayton

The good news is Disney seems hopeful that a deal will be reached to bring Disney+ to the Fire TV and Apple as Bob Iger said "You can expect that we will conclude deals with them as distribution partners." when asked about the Apple TV and Fire TV support for Disney+.

"Endgame" boosted movie studio profit to $792 million, along with hits "Toy Story 4" and "Aladdin".

Still, he said it would take "a good solid year, maybe two years, before we can have an impact" on Fox's film business.

A couple of months ago, Disney announced the release date, price and content of its forthcoming streaming service. Higher costs were driven by labor and other cost inflation and expenses associated with Star Wars: Galaxy's Edge, which opened at Disneyland Resort on May 31. And it comes as the ordinary consumer is increasingly going to have to be picky about what they sign up for, given that new subscription packages keep rolling out and most people won't want to (or be able to) sign up for everything.

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