Disney is “staking its future” on new streaming service, commentator argues

by Daniel Payne · Nov 11th, 2019 4:36 pm

Last Updated Nov 20th, 2019 at 2:19 pm

The day before the launch of Disney’s new Disney+ streaming service, one commentator argues that the massive media corporation has put all its eggs into the basket of the new product.

Disney+ is a “risky innovation,” CNN’s media reporter Frank Pallotta argued, one that “could be as vital to the company’s future as ‘Snow White’ was” during Disney’s earliest days.

As Pallotta points out, Disney is entering the streaming market amid widespread competition, with juggernauts like Netflix and Amazon already dominating that sector of the digital economy. They are doing so because, according to one Disney official, the company believes that streaming will eventually be Disney’s primary corporate focus.

Disney+ will feature a massive catalogue of Disney’s best-known works, including its animated films, dozens of Marvel movies, and a lineup of classic live-action family features such as Sammy, the Way-Out Seal.