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Disney

We now know what Disney's highly anticipated family streaming service, Disney+, will look like. On Thursday, executives touted an array of new and old programming that will be available exclusively on the app, as well as its plans to launch the service.

Bottom line: Disney is banking on its streaming plans to compete with tech giants like Netflix and Amazon for the world's attention and entertainment budgets.

The big picture: Disney's main message to investors was that it's better than anyone at making great movies and series, and now it's ready to take on Netflix to distribute that content.

The details: The company touted the expansion of franchises that it's acquired over the years like Star Wars, Pixar and Marvel. It revealed some of its original programming plans and explained ways users could access all of its classics, like old Disney movies and Disney channel TV shows.

  • The company confirmed that Disney+ will be ad-free, and that it may be sold as a part of a bundled package along with Hulu and ESPN+.
  • Disney says consumers will be able to download all of the content from Disney+ on an unlimited basis so long as they are subscribers.
  • It confirmed that the service will launch in late 2019 in North America. It says it will launch shortly after in Asia Pacific and will launch in Latin American in 2020.

Between the lines: With its acquisition of 21st Century Fox's entertainment assets this year, Disney now owns a sizable content library, as well as a majority stake (60%) in Hulu. The company said it will push Hulu internationally (it's currently only available in the U.S. and Japan) and touted Hulu's success as a digital ad platform.

  • It otherwise didn't reveal many new details about ESPN+ (ESPN's new digital subscription service) or Hotstar, the biggest subscription streaming service in India. But executives from both companies still appeared and touted lots of user numbers.

Be smart: The merger will go down as one of Bob Iger's defining moments as CEO and Chairman of the company. Iger announced Thursday that he will exit Disney after many years once his contract expires in 2021, although he joked that he's said that before.

Bottom line: Disney conquered the 20th century world of entertainment with great programming. Its message to investors Thursday was that it knows moving forward that great programming alone won't cement its dominance in entertainment. Distribution is just as important.

Go deeper

Updated 1 hour ago - Economy & Business

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

Tina Reed, author of Vitals
1 hour ago - Health

Omicron gives a shot to boosters

Expand chart
Data: CDC; Chart: Will Chase/Axios

Vaccination rates have ticked higher since the discovery of the Omicron variant, CDC data shows.

By the numbers: The seven-day average for vaccinations in the U.S. reached about 1.8 million on Monday, up from an average of about 1.3 million a month ago.

Scoop: Over 200 papers quietly sue Big Tech

Illustration: Allie Carl/Axios

Newspapers all over the country have been quietly filing antitrust lawsuits against Google and Facebook for the past year, alleging the two firms monopolized the digital ad market for revenue that would otherwise go to local news. 

Why it matters: What started as a small-town effort to take a stand against Big Tech has turned into a national movement, with over 200 newspapers involved across dozens of states.