Disney’s Bob Iger on how the company will be successful in streaming

Disney Chairman as well as CEO Bob Iger explained to CNBC’s David Faber in which he believes customers will flock to the company’s fresh streaming service, Disney+, thanks to a unique combination of factors.

“I’m pretty optimistic about the ability with This kind of thing to work. Particularly when you make This kind of accessible because of the content we’re putting on, because of the user interface as well as because of the cost,” Iger said. “If, in 5 years’ time, I prove to be wrong — or we prove to be wrong — we’re still doing great content in which’s going to be in great demand globally.”

“as well as you can shift in a moment as well as license to third parties,” he added. “although I don’t think in which’s genuinely an issue. You’re building up library value regardless.”

Disney announced Thursday in which its streaming service will be available starting on Nov. 12.The fresh service will allow customers unlimited downloads doing sure in which content can be viewed offline. Iger also told analysts on Thursday in which he could be stepping down in 2021 when his contract ends.

Disney+ also represents a big bet by the media giant in which This kind of can both terminate its profitable licensing relationship with Netflix as well as eventually compete with the entrenched rival.

This kind of acquired assets coming from 21st Century Fox for $71 billion to shore up its content trove, including National Geographic as well as the Fox movie studio. The Fox assets joined a host of heavyweight entertainment assets like Marvel Studios as well as Lucasfilm, producer of the “Star Wars” empire.

All of the company’s 2019 films will be available on Disney+ when their theatrical as well as home entertainment windows have end. The company added in which This kind of will continue to Discharge major motion pictures to theaters prior to their appearance on the streaming service.