Disney CEO reveals more details about new OTT service

Disney CEO Bob Iger shared some details about the upcoming streaming service that the company plans to launch late next year. The executive said the OTT will have a lower volume of content than Netflix but also it will cost less.
The service will include upcoming theatrical releases such as “Captain Marvel” and the next Avengers sequel. It will also have exclusive films made for the platform, such as a remake of “Lady and the Tramp” and the Anna Kendrick comedy “Noelle.” It is expected to also offer content from Pixar, Marvel, Lucasfilm and National Geographic.
However, some of Disney’s biggest franchises, such as “Star Wars” movies released before next year, will not be available because they have been licensed to other distributors, according to Variey.
Iger said that the group’s direct-to-comsumer services, including the upcoming OTT as well as ESPN+, which launched in April, and Hulu (of which Disney will become majority owner after its buyout of Fox’s entertainment business) will operate independently because they focus on different segments. However, he added that they could package all three together if there is demand.