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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

Educators face fines, harassment over critical race theory

People talk before the start of a rally against critical race theory being taught in schools at the Loudoun County Government center in Leesburg, Va. Photo: Andrew Caballero-Reynolds/AFP via Getty Images

Elementary school teachers, administrators and college professors are facing fines, physical threats, and fear of firing because of an organized push from the right to remove classroom discussions of systemic racism.

Why it matters: Moves to ban critical race theory are raising free speech concerns amid an absence of consistent parameters about what teachings are in or out of bounds.

Updated 7 hours ago - Politics & Policy

1 dead after pickup truck hits Pride spectators in Florida

Police investigate the scene where a pickup truck drove into a crowd of people at a Pride parade in Wilton Manors, Florida, on Saturday. Photo: Jason Koerner/Getty Images

A driver in a pickup truck hit spectators at a Pride festival in Wilton Manors, Florida, killing a man and leaving another person hospitalized Saturday, authorities said.

Details: Fort Lauderdale Mayor Dean Trantalis told reporters police had "apprehended the driver" and that the vehicle missed a parade car carrying Rep. Debbie Wasserman Schultz (D-Fla.) "by inches."

Updated 9 hours ago - Sports

Uganda Olympic team member tests positive for COVID in Tokyo

The Uganda National boxing team's Catherine Nanziri (L) and others arrive for check-in at Entebbe international airport in Wakiso, Uganda on Friday, ahead of their departure to participate in the Tokyo Olympic Games. Photo: Badru Katumba/AFP via Getty Images

A Uganda Olympic team member tested positive for COVID-19 upon arrival in Japan late Saturday, officials said.

Why it matters: Japan's government has faced criticism for vowing to host the Tokyo Games next month as coronavirus cases rise. The Ugandan team is the second to arrive in Japan after the Australian women's softball players, and this is the first COVID-19 infection detected among the Olympic athletes, Al Jazeera notes.