Published: Thu, August 08, 2019
Markets | By Erika Turner

New Disney bundle will offer Disney+, Hulu, ESPN

New Disney bundle will offer Disney+, Hulu, ESPN

Costs piled up from consolidation of Hulu and spending on Disney+ and the ESPN+ streaming service, Disney said. The company is scrambling to adapt to industry disruption from Amazon, Netflix and others, so it is betting big on a subscription package that offers a variety of content for cord-cutters.

According to ComicBook.com, Disney chief Bob Iger confirmed during their latest earnings call that the three franchises will be "reimagined for a new generation" once Disney+, the company's upcoming streaming service, launches. It allows the Mouse House to offer up all its assorted streaming services in one bundle that's simultaneously attractive to consumers while also ratcheting up pressure on Disney's rivals.

Signing up for the bundle essentially means you'll be getting ESPN+ (which now costs $4.99 per month) for free. Now, the company is revealing pricing for that bundle.

Putting this into perspective, Netflix's most basic plan costs $8.99/month and doesn't include high-definition video; customers who want 4K content will need to pay $15.99/month (Disney+ will include 4K HDR).

The remake is the latest in a series of projects announced by Disney for its streaming service, which will release in the United States on November 12. The comedy made Macaulay a star, and sparked the 1992 sequel, Home Alone 2: Lost in NY.

Marketing of the new service will start later this month in the US.

Oil prices drop as U.S.-China trade war fuels growth concerns
Asian equity markets dropped to a six-month low on Monday while gold prices climbed as investors sought safe-haven assets. U.S. shipments surged by 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd, U.S.

Despite the opening of the highly anticipated Star Wars: Galaxy's Edge, Disneyland and Disney World experienced a three-percent drop in attendance during the third quarter.

As a result, Disney has scrapped scrapped much of Fox's film development slate, with Iger tasking Disney film brass to take the Fox slate, in Iger's words, "in a new direction, with an all new development slate that will focus on a select group of properties".

Disney, which also operates theme parks and the ABC and ESPN television networks, is focusing on streaming as it gears up for the launch of its Disney+ service.

This number of releases in a year is on par or slightly below with how many films the studio has released in recent years, having released as many as 16 movies in 2016 and as few as 12 in 2018.

"Nothing is more important to us than getting this right", Iger said of Disney's move to streaming. Iger also said to expect Disney+ deals to be announced soon with Apple, Amazon, and Google+.

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