Disney (DIS) Announces Price and Launch Date for Disney+

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Disney (DIS - Free Report) put all speculations to rest by announcing the price and launch date for its most-awaited streaming service, Disney+.

The service will cost $6.99/month or $69.99/year, which is lower than Netflix (NFLX - Free Report) , as promised by the company. Notably, Netflix’s basic plan costs $8.99/month. Disney+ price is also lower than Wall Street analysts’ average estimate of $7.5/month, per Reuters.

Disney+ will be first available to U.S. customers on Nov 12, 2019 and on a global basis after 2019. North America will be the first to get the service in first-quarter 2020, followed by Western Europe in second-quarter 2020, Latin America in first-quarter 2021 and Eastern Europe in fourth-quarter 2021.

Notably, Disney+ will be available on Roku (ROKU - Free Report) , Sony’s PlayStation 4, and other smart devices like TVs, mobiles and tablets.

The Walt Disney Company Revenue (TTM)

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