Disney will launch streaming service late this year
SAN FRANCISCO (AP) — Disney says its new video streaming service will launch in the U.S. as early as October.
The service, called Disney Plus, has no pricing yet. Disney is revealing details at an investor event Thursday in Burbank, California.
The streaming service is expected to take on rivals Netflix, HBO Go and Showtime Anytime. Disney also owns a controlling stake in streaming service Hulu.
Disney Plus will launch in the last quarter of this year. It will focus on family-friendly shows when it launches, including a live action Star Wars series and a series about Marvel character Loki.
Disney ended a lucrative licensing relationship with Netflix in order to create the streaming service and faces challenges as it builds a service to compete with the entrenched streaming leaders.