Disney has announced that it will be launching a new streaming service later in 2019 to compete in the ever-more popular realm of streaming video services. The announcement was made by Disney CEO Bob Iger, while speaking to investors at a meeting in St Louis.
Called Disney+, the streaming service hails a new direction for Disney, which has been known to keep its movies in a “Disney vault”, and only put titles on sale for a limited amount of time. According to Polygon, the new streaming service will include every Disney film ever made as a part of its on-demand streaming service.
Speaking to investors, Iger said that the streaming service will not be restricted to only Disney films.
“The movies that you speak of that traditionally have been kept in a ‘vault’ and brought out basically every few years will be on the service. And then, of course, we’re producing a number of original movies and original television shows as well that will be Disney-branded.”
Igor also said that new releases from Disney will be available on Disney+ within a year of being released in cinemas. This will be good news to Marvel fans, after Netflix announced that it would be no longer be showing a number of Marvel shows on the streaming platform.
No date has been announced for the official launch of Disney+ yet, but the streaming service is expected to be available later in 2019.