Netflix and Disney shares fell after Apple unveiled its $4.99 streaming service
Share to linkedin
Apple CEO Tim Cook announces Apple TV+ during an new product event Tuesday, Sept. 10, 2019, in Cupertino, Calif. Shares of Netflix and Disney dropped on Tuesday, following an announcement that Apple’s new rival TV service will be less expensive than any other major streaming service.that its new streaming service, Apple TV+, launches November 1 and will price at $4.99 per month - making it cheaper than other established streaming options.
Shares of streaming device Roku—which directly competes with Apple TV—were the hardest hit, plunging 12% on Tuesday.Apple TV+ will showcase original programming content from Apple, in what is the company’s latest effort to expand the services side of its business and offset declining iPhone sales. The details on the new streaming service were a center-piece of Apple’s big announcements today.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix, Disney, and Roku tumble after Apple announces its streaming service will be cheaper than rivalsApple announced its streaming platform will cost $4.99 per month, and customers who purchase a Mac, iPhone, or Apple TV will receive year free.
Read more »
Woman banned from Disney World after cigarette fracasAuthorities say a woman is banned for life from Walt Disney World in Florida after she hit a taxi driver and then kicked a deputy at the resort. The Orange County Sheriff&39;s Office says in an arrest report that Ellen McMillion of Brandon, Florida, hit the taxi driver outside Disney&39;s Hollywood
Read more »
Apple TV+ will cost $4.99 per month — here's how that compares with Disney+ and othersApple underprices existing streaming video options with $4.99 per month offering. Here's where media and technology companies are pricing their offerings and what's still to come.
Read more »
Home of the Week: Sherman Oaks home was once a Disney animator’s magic kingdomBuilt for a Disney animator, cartoonist and special effects technician, the Ub E. Iwerks Residence in Sherman Oaks has remained relatively untouched since it was built more than a half-century ago.
Read more »
Disney, AT&T in Carriage Dispute Impacting ABC, ESPNIf the companies are unable to reach a new agreement, DirecTV subscribers could lose access to ABC, ESPN, Disney Channel, Disney Junior and Freeform.
Read more »
Boy, 7, who used his savings to feed Dorian evacuees surprised with Disney World getawayJermaine Bell used the money he'd hope to spend on a birthday trip to Disney World on food for evacuees fleeing Hurricane Dorian.
Read more »