key term - Disney+

Definition

Disney+ is a subscription-based streaming service launched by The Walt Disney Company that offers a vast library of movies, TV shows, and original content from Disney, Pixar, Marvel, Star Wars, and National Geographic. As a key player in the online video platform landscape, Disney+ has rapidly gained subscribers and changed the way audiences consume entertainment, leveraging its rich catalog of beloved franchises and exclusive programming to compete with other streaming services.

5 Must Know Facts For Your Next Test

1. Disney+ launched on November 12, 2019, and quickly attracted over 10 million subscribers on its first day.
2. The platform features content from iconic franchises like Marvel Cinematic Universe, Star Wars saga, and classic Disney animated films.
3. Disney+ offers a family-friendly environment with parental controls and an extensive selection of children’s programming.
4. The service includes exclusive original series like 'The Mandalorian' and 'WandaVision,' which have been critically acclaimed and helped boost subscriber numbers.
5. Disney+ is available in multiple countries and continues to expand its global reach with plans for localized content and partnerships.

Review Questions

• How has Disney+ changed the landscape of online video platforms since its launch?
  • Disney+ has significantly impacted the online video platform landscape by leveraging its extensive library of iconic franchises and original content. This approach has attracted millions of subscribers quickly and forced competitors to adapt their strategies. The success of exclusive shows like 'The Mandalorian' has highlighted the importance of original programming in driving subscriber growth, setting new standards for streaming services.
• Discuss the business model of Disney+ as a subscription video on demand service and its implications for traditional media.
  • Disney+ operates on a subscription video on demand (SVOD) model, allowing users to pay a monthly or yearly fee for unlimited access to its content library. This model challenges traditional media by shifting revenue away from cable subscriptions and advertising. As viewers increasingly prefer on-demand access to entertainment, Disney+ exemplifies how companies must adapt to changing consumer behaviors and preferences in order to remain relevant.
• Evaluate the role of original content in Disney+'s strategy for subscriber retention and growth compared to other streaming services.
  • Original content plays a crucial role in Disney+'s strategy for attracting and retaining subscribers, as evidenced by the success of shows like 'WandaVision' and 'The Mandalorian.' By investing heavily in unique programming that is exclusive to its platform, Disney+ differentiates itself from competitors like Netflix and Amazon Prime Video. This focus on high-quality original content not only builds a loyal subscriber base but also encourages discussions around its offerings, enhancing brand visibility and engagement in an increasingly crowded streaming market.

Related terms

Streaming Service: A digital platform that allows users to watch video content over the internet without needing to download it first.

SVOD (Subscription Video on Demand): A type of streaming service where users pay a recurring fee to access a library of content whenever they want.

Original Content: Exclusive programming created specifically for a streaming service, often designed to attract and retain subscribers.