Disney will now consolidate a significant amount of content under one corporate roof, including titles such as "Cinderella," ''The Simpsons," ''Star Wars" and "Dr. Strange".
The company is planning to launch an online streaming service for which it has spent over $1 billion on new content, signing with names such as Oprah, Reese Witherspoon, Steven Spielberg and more.
Netflix revealed that it has added nearly 7 million new subscribers in the last quarter. The new numbers mean that Netflix now has a subscriber base of more than 137 million people all over the world.
Disney has officially raised its offer for 21st Century Fox and all its assets. The company is now offering $38 per share to purchase Fox. This represents a total takeover bid of about $71.3 billion. The figure is a huge increase from the initial $52.4 billion that Disney was offering.
Amazon has confirmed that it will be increasing its Prime subscription price. The company will raise the yearly price for Prime from $99 to $119. The new price will come into full effect on June 16th.
