Disney+ announcement

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At a cost of $6.99/month or $69.00/year Disney
(DIS 132.98 +2.72 +2.09%) announced it’s online streaming content at it’s investor conference yesterday.

Expected to launch in November, Disney expects all of the Pixar library, all of the Star Wars movies/shows, a lot of the Marvel universe, including exclusive streaming of Captain Marvel and much more. They’ve added a nice little ticker to their site counting down to launch date.

Disney’s stock is up 10% this morning despite also announcing it will be losing billions of dollars over the next few years and does not expect profitability until 2024.

Netflix
(NFLX 292.95 +6.96 +2.43%) announced a rate hike and is off a little over 3%.