Disney Streaming Service to Launch in Late 2019
One of the bigger surprises in entertainment last year was the announcment that Disney has plans to star its own streaming service to compete with Netflix and while the target for that service has been set for 2019, we now have a little bit better of an idea when next year.
During an earnings call today, Disney CEO Robert Iger revealed that Disney’s direct-to-consumer service will launch “late 2019.”
The venture could be huge for Disney. Last year, Morgan Stanley analyst Benjamin Swinburne estimated that once the Disney service hits 30 million subscribers, it could generate 5 billion in revenue and 1.5 billion in EBITDA (earings before interest, taxes, depreceation, and amoritization,) numbers that result in $20-$25 billion dollars of value for the service.