Fans mystified by plans for a Home Alone reboot

Disney earnings miss forecasts as cost of building streaming video rise

The 1990 Christmas classic will be "reimagined for a new generation", as Disney chief Bob Iger revealed it'll be reworked for the company's new streaming service Disney+.

This bundled service will be available starting on November 12, 2019, the same day Disney+ launches in the US.

A slate of original Marvel series will start rolling in fall of 2020, beginning with The Falcon and the Winter Soldier. Eventually, Disney needs to make money, and that's why they are investing so much money and time into this now. For $12.99 a month, subscribers can access Disney+, ESPN+, and Hulu.

Disney is betting online services will counter the loss of conventional TV viewers for flagship channels like ESPN, ABC and the Disney Channel.

The move sees the U.S. media giant continue to ramp up its direct-to-consumer (DTC) offering, and supports comments made by Iger in April, indicating that Hulu would form part of a bundle featuring both entertainment and sports content at a discounted price.

More news: Scattered rain expected for next several days — FIRST ALERT FORECAST

The bundle's pricing puts it at a significantly cheaper price point than Netflix, Amazon Prime Video and HBO Max's reported price point of US$16-17 per month. The bundle will be available in the United States on November 12, when Disney Plus will be officially launched.

Speaking on Tuesday, Iger said Disney+ would be "the most important product that the company has launched" in his two-decade tenure.

With its acquisition of 21st Century Fox, Disney has thousands of titles in its arsenal to pad out its upcoming streaming platform Disney+.

Earlier this year, Disney announced that D+ will allow users to download TV and movies, which will include content from Disney, Pixar, Marvel and National Geographic.

The service is expected to launch "in multiple global markets within two years", according to Iger.

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