Disney's streaming service launches Tuesday in the US, Canada and the Netherlands.
That's what some in Hollywood dubbed"Snow White and the Seven Dwarfs" before it premiered in 1937. Critics argued that Walt Disney was risking his studio's reputation with a risky film that no one would sit through. But in the end, Disney's gamble paid off."Snow White," the first animated feature in America, became a blockbuster that helped make Disney the company it is today.
So why would the most dominant media company in the world invest billions of dollars in order to create a new unit in its already lucrative business? It's because Disney needs to adapt to the rapidly changing media world, according to Jeffrey Cole, director of USC Annenberg Center for the Digital Future"I think Iger has seen dinner and a movie become Netflix and Uber Eats," Cole told CNN Business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Florida child pornography sting snares two Disney World and Disney Resort employees among 17 men arrestedThe suspects range in age from 19 to 77 and face a total of 626 criminal charges.
Read more »
Rate These 15 Disney Sidekicks And We'll Reveal Which Disney Movie You Belong InAdventure is out there!
Read more »
Disney workers, 15 others arrested in Florida child porn sting
Read more »