Disney sees streaming boom; Clorox wipes still MIA
Fox Business Briefs: Disney’s three major streaming services Disney Plus, Hulu, and ESPN Plus surpass 100 million paid subscribers; Clorox says that grocery store shelves won’t be fully stocked with its disinfectant wipes until 2021.
After months of delays and speculation, Disney announced that the live-action remake of “Mulan” will be available to stream on Disney+ for an additional $29.99 charge, a sum that initially puzzled many users.
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The decision comes as COVID-19 cases continue to skyrocket in what was once the lucrative theater market of the United States. However, with theaters shut down, both studios and theater chains are grappling with how to remain profitable and safe at a time when other blockbusters like “Top Gun: Maverick” and “Tenet” continue to delay their releases in the hopes that the situation normalizes.
The Walt Disney Co. blinked first and announced it would offer the highly anticipated movie, which Forbes reports was an expected moneymaker, to stream on Sept. 4. However, according to an informal Variety poll, only 14.7% of people said they would be willing to shell out the extra $29.99 in addition to their $6.99-per-month subscription. Why then did the company opt for such a seemingly high price point when other, low-budget movies like “The King of Staten Island” and “Trolls World Tour” were available on VOD for less?
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