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Disney’s Shares Rise 2% After Streaming Announcement

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News video: Disney’s Shares Rise 2% After Streaming AnnouncementWalt DisneyWalt DisneyBob IgerBob Iger

Disney shares rose by 2% Friday, November 10th, after they announced that their upcoming streaming service will cost less than Netflix currently does.

Disney CEO Bob Iger explained why they will have a lower price.

He stated, “That is in part reflective of the fact that it will have substantially less volume.

It'll have a lot of high quality because of the brands and the franchises that will be on it that we've talked about..

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Transcript: Disney’s Shares Rise 2% After Streaming Announcement

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