What Could Go Wrong for Disney+?
This article was first published by MyWallSt. MyWallSt makes it easy for you to pick winning stocks. Get a free trial today. It's the best investment you'll ever make.
Walt Disney (NYSE: DIS) finally released its streaming service, Disney+ -- a product years in the making -- to the public two weeks ago. The marketing and the hype have led many to suggest that the platform could rival or even surpass Netflix, while others, including many tech reviewers, are somewhat more skeptical.
At any rate, it's fair to say that Disney+ presents one of the most formidable challenges to Netflix in its history, and the launch of the service may kick-start the oft-mentioned streaming wars between the big players in the space. With the attractive monthly price of $6.99 (compared to the $12.99 that Netflix charges for its most popular plan), Disney will be focusing for the near future primarily on building up its subscriber list. In this way, the company is probably taking a page out of Netflix's book, as the streaming giant in its early days used low prices to hook viewers before steadily ramping up prices.
Source Fool.com
