AP Photo/Richard Drew

Disney is revealing more details about its new over-the-top digital entertainment app that will launch in 2019.

Why it matters: Legacy entertainment businesses are becoming very difficult to sustain in an era where consumers want on-demand, digital video that they can access at scale from tech companies like Netflix and Facebook. Linear options, like movies delivered in theaters and primetime shows on cable TV, are becoming less appealing to consumers who want to watch everything on their own time and across many digital devices. This is part of Disney's push to be a competitor to Netflix in the direct-to-consumer entertainment space.

The details:

  • The new OTT product will be priced "significantly lower than Netflix," CEO Bob Iger says. Iger notes that the service will launch with less volume than Netflix but with quality content that centers around three of its top brands: Pixar, Marvel and Star Wars.
  • The new streaming service will be commercial free, according to Iger. While the Walt Disney Co. plans to integrate commercials into its sports streaming app, Iger says "We're not planning to have the programming that airs in the DTC service interrupted by commercials." Iger did say that sponsored programmed is being considered.
  • The name of the product has yet to be determined, says Iger. "We're working on the cadence in which we will schedule and produce in the OTT service."
  • A brand new Star Wars trilogy coming to Disney. It will be launched by the Star Wars: The Last Jedi Director Rian Johnson, who will write and produce the trilogy with producer Ram Bergman.

Go deeper: Disney is reported to have approached 21st Century Fox about a deal to acquire its entertainment and studios businesses, including 21st Century Fox studios as well as National Geographic, FX cable channels and more.

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
12 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.