Disney CEO Bob Iger announced the distribution deal on CNBC Thursday following a strong fourth quarter earnings report. Iger said the company also has distribution deals with Apple (AAPL), Samsung (SSNLF), LG (LPL), Google (GOOG) and Microsoft (MSFT).
"It's ready to go," Iger said of Disney+ on CNBC. "I think people will be extremely pleased."
Disney+ is scheduled to launch on Tuesday in the United States, Canada and the Netherlands with a slate of exclusive content. It will be available in the United Kingdom, Germany, France, Italy and Spain on March 31, the company announced Thursday.
Disney shares were up 5% in after hours trading after the company reported that revenue in Q4 beat expectations at $19.1 billion, a 34% increase compared to a year earlier.
The company had a strong showing across the board with its film studio leading the way. Revenue for the film unit is up 52% from the year prior thanks to strong box office performances by "Toy Story 4," and the live-action remakes of "Aladdin" and "The Lion King."
Each one of those films made more than $1 billion worldwide.
The service, which costs $6.99 per month, will include many of Disney's biggest brands — such as Marvel, Star Wars, Disney Animation and Pixar.
The launch of Disney+ is a big moment for the company since it's Disney's first foray into the streaming world and a major shift in focus for the overall business.
Entertainment - Latest - Google News
November 08, 2019 at 05:11AM
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Disney+ will be available on Amazon's Fire TV - CNN
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