Disney Plans New Streaming Service

Entertainment giant Disney has announced that it intends to start its own streaming service in 2019. Subscription prices will be much lower than those of  Netflix and other competitors but the new service will not be able to compete with Netflix as far as quantity goes.

In addition to showing films like Toy Story 4 and Frozen 2,  Disney is also planning the production of a new Star Wars trilogy, a Star Wars TV series and several Marvel movies. The company is also working on TV adaptations of Pixar’s Monsters, Inc.

Disney will also launch a new  ESPN streaming service next year. It will feature many sports events including Major League Baseball, soccer and others.

Netflix has been streaming Disney and Pixar content for several years. Now Disney wants to pull their own content from Netflix’s services. A survey conducted shortly after the announcement of the new streaming platform showed that two out of 10 Netflix subscribers were willing to switch to Disney.

The world’s largest streaming service has announced that it will spend up to $7 billion on their own productions in 2018. They hope that focusing on original content will make viewers stay on board.

Consumers will have a tough time choosing which service offers the best content. In some cases, they may have to have several accounts in order to watch all their favourite shows and films.

Disney will produce its own Star Wars films
Disney will produce its own Star Wars films

Words

  • account = here: an agreement that lets you use a service; you have to have a username and password to log in
  • announce = to say officially, in public
  • billion = a thousand million
  • competitor = here: a business that does the same thing and wants to have more success
  • conduct = carry out
  • consumer = person who buys something or uses a service and pays for it
  • content = films and TV shows
  • focus on = concentrate on; give special attention to
  • in addition = also
  • intend = plan; if you want to do something
  • original content = the films and TV series they produce themselves, not the ones they buy from other companies
  • quantity = here: the number of TVs shows and films that people can watch
  • streaming service = a service that shows TV shows and movies on the Internet  whenever you want to see them, not when they are broadcast on a TV channel
  • subscription = here: the money you pay every month in order to watch a streaming service
  • survey =  a set  of questions you ask a number of people in order to find out what they want
  • switch = change to another service provider
  • tough = hard
  • viewer = a person who watches a TV show or movie

Netflix Hits 100 Million Subscribers

The American video streaming service Netflix has 100 million subscribers around the world. This year alone the company has gained almost 5 million new viewers. Its content can now be seen used in 190 countries. Almost half of Netflix’s subscribers live in the United States.

The company expects to expand even more quickly as services in Asia, Africa and Latin America have just been started. Almost 75% of the world’s population live here.

A major part of Netflix’s success comes from producing its own shows.  “House of Cards”  or “Stranger Things” have won many awards become worldwide hits.

The success of the video streaming giant is also reflected at the stock markets. At the moment, Netflix has a market value of  $63 billion and its stock price continues to rise.

In the past decade, Netflix has changed the way we watch television.  More and more people are turning away from traditional TV, where you have to watch a film when it is aired or wait a week to watch the next episode of your favourite show. With video on demand viewers tend to watch whatever they want when they want to.

Competitors of Netflix have started to gain ground and are trying to make life tough for the streaming giant. Amazon Prime has launched its own streaming service and the big US networks are streaming their own shows as well.

 

Netflix
Netflix

Words

  • air = broadcast on television
  • award = prize
  • content = here: films and movies it offers
  • continue = to go on
  • decade = ten years
  • expand = to make bigger
  • gain = to become more ; get
  • gain ground = catch up with; to become better
  • launch = start
  • reflect = show
  • rise = go up
  • stock market = place where parts of companies and businesses are bought and sold
  • streaming service = when you can watch a video while it is being broadcast over the Internet
  • subscriber = person who pays money every month to use something
  • success = to achieve what you wanted; to become very good at what you do
  • tend = have a habit of doing something; to do something regularly
  • tough = hard
  • value = what something is worth
  • video on demand = you can watch something whenever you want to
  • viewer = a person who watches something on TV or the Internet