The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The Game of Thrones final-season premiere is this weekend. But in a larger media sense, it began Thursday.
Disney's announcement this week that Disney+ will launch Nov. 12 for $6.99 per month will set off a battle royal among streaming services.
By the end of the year, consumers will have enough streaming content at their disposal to start asking the big question: Which of these services do I need, and which can I live without?
This is a question for cord-cutters and pay-TV subscribers alike. Consumers won't pay for everything.
Disney+ is all about family programming. That puts a target on Viacom's Noggin, for example, which is actually more expensive than Disney+ at $7.99 a month. Disney+ could replace it for families with kids who can live without Paw Patrol, Peppa Pig and Dora the Explorer.
If not, those parents will need to make a cut elsewhere.
Amazon Prime Video will almost certainly be safe from any Disney-inspired purge. The video is basically a throw-in for free shipping for most households.
Is Netflix at risk? Probably not. Netflix's massive scale (nearly 150 million households worldwide) has allowed it to spend more than everyone else on streaming, which should mean it will continue to have a lot of high quality new programming. Wall Street analysts expect Netflix to spend close to $15 billion on programming this year. To put that in perspective, Disney said it would spend $1 billion on original content spend for Disney+ by 2020.
When the kids go to bed, Netflix will still rule the living room. Netflix and chill probably isn't going anywhere. Still, the company's ability to raise prices may be shackled a bit. Disney's $6.99-per-month offering could skew the consumer value proposition somewhat.
Hulu has 25 million subscribers and may benefit from a bundled offering with Disney+ and ESPN+. Disney owns 60 percent of Hulu and announced a bundled offering is likely coming by the end of the year on Thursday. Hulu offers some strong originals and a lot of network TV shows that aren't available with other streaming services. It makes a fine pairing for consumers who aren't interested in live sports. For those that are, we'll have to wait and see if Disney offers a compelling bundle of Disney+ and Hulu with Live TV.
That leads us to the next tier of streaming products.
I haven't even mentioned Apple TV+ because we don't know how much it's going to cost. The safest price for Apple would be $0. Apple could use it as an exclusive add-in that keeps people in the iPhone/iPad ecosystem, much as Amazon does with Prime Video. But that runs counter to Apple's business goal of creating a streaming services juggernaut. It's also psychologically difficult for a company to turn anything that costs $0 into something more than $0, while it's easier to raise prices if a non-zero price is initially set.
I'm going to stop here, and I apologize for all of the great streaming products I failed to mention. But you get the idea.
We're seeing the deconstruction of the cable bundle that many people have dreamed about for decades, except it's not exactly replacing the bundle for everyone. Instead, it's pushing the wallets of millions of Americans who need to decide how many of these extra streaming products are necessary in addition to live TV.
Disney+ might be a plus. But for some of these products -- perhaps some that you subscribe to today -- the end result of more competition will be negative.