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Data: Company filings. Chart: Axios Visuals

Disney unveiled its most ambitious content push in its 97-year history, announcing more than 100 new projects, most of which will be available on its streaming service Disney+.

The big picture: In just over a year, Disney has gobbled up 86.8 million subscribers, making it nearly half the size (45%) of Netflix, which launched its streaming service over a decade ago.

Driving the news: In a four-hour investor presentation, Disney unveiled plans for 10 new Marvel and Star Wars series, as well as 15 new Disney live action, Disney animation and Pixar features to be released on Disney+.

  • Disney also announced a slew of new content for Hulu, including a new show with the Kardashians in late 2021. 

Disney's strategy contrasts starkly with rival HBO Max. HBO's parent company, AT&T, said last week it would make all 2021 Warner Bros. films available on HBO Max at the same time that the films debut in theaters.

  • Disney, which owns 40% of the domestic box office, can't afford such a bold release strategy, but CEO Bob Chapek said it would try putting one film, “Raya and the Last Dragon,” on Disney+ with a "premier access fee" in conjunction with theaters as an experiment in March. 

The big picture: The pandemic has caused entertainment giants to embrace streaming faster than most were prepared to do, resulting in lots of reshuffling at top companies.

  • Last week, Discovery+ also joined the streaming wars, debuting a new global entertainment streaming service discovery+ for $4.99 monthly, focused on unscripted programming. 

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Go deeper

Dec 10, 2020 - Economy & Business

Disney+ has 86.8 million subscribers

Credit: Disney+

Disney CEO Bob Chapek told media and investors on Thursday that its streaming service Disney+ now has 86.8 million subscribers.

Why it matters: The company's streaming success has helped to offset major losses in Disney's studios, parks and resorts divisions.

House passes $768 billion defense spending bill

Photo: Andrew Harrer/Bloomberg via Getty Images

The House approved a $768 billion National Defense Authorization Act (NDAA) for the 2022 fiscal year in a bipartisan 316-113 vote on Thursday.

Why it matters: The annual bill, which authorizes Pentagon spending levels and guides policy for the department, would require women to register for the military draft, among other provisions.

2 hours ago - Politics & Policy

Republicans’ secret lobbying

Illustration: Shoshana Gordon/Axios

The five Senate Republicans who helped negotiate and draft the $1.2 trillion bipartisan infrastructure bill have been privately courting their Republican colleagues to pass the measure in the House.

Why it matters: House GOP leaders are actively urging their members to oppose the bill. The senators are working to undercut that effort as Monday shapes up as a do-or-die moment for the bipartisan bill.