On Tuesday, the 12th of November 2019, the long-cherished American multinational mass media and entertainment conglomerate headquartered in the CA-based Burbank studio complex of Walt Disney with widely popular subsidiaries likes of Marvel Entertainment, Pixar, Hulu and a many more, the Walt Disney Company, said that demands for its much-awaited streaming service Disney+ were surged more than expected at its launch, nonetheless, an inauguration of Disney+ on Tuesday (November 12th) was tainted with many complications and complaints from users on potential software glitches alongside connection problems.
In point of fact, Disney’s streaming service, Disney+, which was expected to add further competition into a fast-growing streaming media industry pioneered by Netflix Inc. that was bleeding money to create original contents in a bid to grapple with an intensified competition with rivals likes of Disney’s Disney+ and Apple Inc.’s Apple+ alongside local streaming media providers across the globe, had been relying on its extensive collection of Television shows alongside movies, nonetheless, it remained uncertain on whether Disney+ would be able to take on streaming media titans likes of Netflix Inc.
and Amazon Prime Video. Aside from that, following reveal of Walt Disney’s Disney+, shares of Disney Walt Co. were up by 2 per cent, while Netflix Inc. was down 1 per cent in morning US trading hours, as Disney said in a post-launch statement of its media streaming service on Tuesday, November 12th, “The consumer demand for Disney+ has exceeded our highest expectations. ...we are aware of the current user issues and are working to swiftly resolve them. ”