Netflix and Disney Shares Fall After Apple Unveils $4.99 Streaming Service

The streaming wars are heating up.

Topline:

Shares of Netflix and Disney dropped on Tuesday, following an announcement that Apple’s new rival TV service will be less expensive than any other major streaming service.that its new streaming service, Apple TV+, launches November 1 and will price at $4.99 per month - making it cheaper than other established streaming options. Netflix shares fell over 3% following Apple’s announcement, while Disney stock dropped more than 2%.revealed a decrease in U.S.

Shares of streaming device Roku—which directly competes with Apple TV—were the hardest hit, plunging 12% on Tuesday.Apple TV+ will showcase original programming content from Apple, in what is the company’s latest effort to expand the services side of its business and offset declining iPhone sales. The details on the new streaming service were a center-piece of Apple’s big announcements today.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

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.

Apple’s streaming service is cheap, but how does it stack up against Amazon, Netflix and Disney?Should you pay for Apple+? Time to finally dump Netflix? Here's how to decide between all the streaming options:
Read more »

Disney Television Animation Will Preview ‘The Owl House’ At New York Comic Con – UpdateDisney Television Animation will preview The Owl House on Day 2 of New York Comic Con, which runs Oct 3-Oct. 6 at Javits Center in New York City. Also, a panel featuring Disney Television Animatio…
Read more »

Attention: Disney Stores Are Opening in Target in October, So Get Your Mickey Gear in OrderHold onto your Mickey ears, everybody! The Disney store will be popping up in 25 Target locations on Oct. 4, with 40 more coming in October 2020. That's right,
Read more »

17 Disney Reactions That People In A Relationship Can't Relate To AnymoreWhen you wish upon a relationship.
Read more »

See Disney Stars Take Over New York Fashion Week's Front RowZendaya, Rowan Blanchard and more familiar faces have turned heads on and off the runway
Read more »

Disney releases new details of 'Frozen' landBig news, 'Frozen' fans: A new 'Frozen'-themed area is coming to Disneyland Paris.
Read more »