ESPN+ is the new streaming service provided by the sports network. It has now reached in excess of 1 million paid subscribers.
The service had got launched only in the month of April and given the time frame, this is quite an impressive achievement.
ESPN+ would be streaming 10,000 live sporting events in their first year and add to those, content on-demand and streaming of even past sporting events. This will feature games from the National Hockey League, Major League Baseball along with soccer events of global level. The subscribers need not buy any subscription for either cable or satellite, with an appeal to cord-cutters. The cost of service would be $4.99 per month or on a yearly basis, the amount would be $49.99.
The President of ESPN and co-chairman of Disney Media Networks, Jimmy Pitaro said through a statement that to combine sports with technology and the brand of ESPN is indeed an extremely powerful combination and they have only started off. He further went on to say that, in pretty quick time, a wide variety of sports fans have made a note of the value that ESPN+possesses. Through the help of high-quality programming and add to that, an absolutely outstanding user experience, ESPN and Disney Direct to Consumer and International (DTCI) are making an expansion with regard to the ways through which Disney is serving up their sports fanatics.
The service of ESPN+ happens to be a part of parent company, Disney’s plans to increase their presence in the business of over-the-top streaming. Disney also has plans for launching a branded streaming service exclusively for their movies and original programming in the year 2019. They are aiming to pull their content off from Netflix. Add to all this, if there happens to be an official closure of the acquisition of Disney-Fox, then it is going to have a lot larger stake in Hulu, the streaming service.
After this announcement, the shares of Disney had gone up 1.1 percent.