Disney plans to launch its own streaming service, and it could be a strong rival to Netflix.
The price for the service will be “substantially below” that of Netflix.
CEO Bob Iger added that price reflects the service’s smaller library of content.
The price would change, of course, once more content is adding to the service, according to Iger. For reference, Netflix’s most popular plan costs $10.99 a month.
Disney’s service will launch with tons of “high quality” content that includes Pixar, Marvel, Star Wars and TV series based on other Disney-owned properties.
In August, Disney announced it would pull its content from Netflix starting in 2019.
Disney could increase its content from other sources.
A recent report from CNBC suggested that Disney was in talks to acquire most of 21st Century Fox, including the film rights to X-Men. Talks are not currently active. However, the deal could have given Disney numerous properties, including 20th Century Fox, Futurama and Buffy the Vampire Slayer.
Disney’s streaming service is expected to launch in 2019.