Disney raises the curtain on a hotly anticipated video streaming service that aims to topple industry pioneer Netflix
Disney characters Mickey Mouse and Minnie Mouse attend the 25th anniversary of Disneyland Paris at the park in Marne-la-Vallee, near Paris, France on April 12, 2017.
Disney plans to make the streaming service available in all major regions of the world within two years. "The Disney+ platform is being built on that foundation, one that no other content or technology company can rival," Iger said. The entertainment colossus was arranging to get Disney+ on a broad array of smartphones, tablets, gaming consoles, set-top boxes and smart televisions, according to executives.Disney will invest heavily in the new streaming service, which is not expected to become profitable until 2024, chief financial officer Christine McCarthy told investors.
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