Disney takes on Netflix


Walt Disney shares recorded

their biggest gain in a decade

and reached an all-time high after

the company announced plans to

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aggressively take on rivals

including Netflix with a push into

streaming video.

Disney Plus is being released

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in tandem with a blockbuster

lineup of films coming out this

year, including Toy Story 4,

Frozen 2, Star Wars: Episode IX

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and live-action versions of The

Lion King and Aladdin.

Disney Plus will roll out in the

U.S. on November 12 at a price of

$6.99 per month, well below the

$13 monthly fee charged by

Netflix, which holds a dominant

position in the streaming sector.

Disney’s stock closed up 11.5%

at $130.06 Friday.