Disney to lock their golden vault for good as it moves film library to streaming service

“Disney is rapidly preparing to launch its own streaming service, dubbed Disney+, later this year. While the debut date is still unknown, we now know that the service will include the entire Disney movie library shortly after the service launches,” Valentina Palladino reports for Ars Technica. “According to a report in Polygon, Disney CEO Bob Iger explained the strategy to investors at a meeting in St. Louis, Missouri, pointing at the retirement of Disney’s longstanding ‘vault.'”
The service… is going to combine what we call library product, movies, and television, with a lot of original product as well, movies and television. And at some point fairly soon after launch, it will house the entire Disney motion picture library, so the movies that you speak of that traditionally have been kept in a ‘vault’ and brought out basically every few years will be on the service. And then, of course, we’re producing a number of original movies and original television shows as well that will be Disney-branded. — Disney CEO Bob Iger
“Disney has dozens of movies in its vault and in its entire collection—classics like Dumbo, The Little Mermaid, and 101 Dalmatians, and new favorites like Frozen,” Palladino reports. “Locking those movies into the company’s own streaming service will make it that much more appealing to diehard Disney fans—and customers who have children.”
Read more in the full article here.
MacDailyNews Take: Disney will do well with Disney+, especially if it’s priced right.
SEE ALSO:
Disney CEO Iger says Disney’s entire movie library will be streamable via Disney+ streaming service – March 7, 2019
Apple’s streaming video plans put Disney CEO Bob Iger’s board seat at risk – March 6, 2019