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Disney+ Debut Hit by Tech Glitches; Company Blames Demand

Reuters

   Walt Disney Co.'s long-awaited debut in the streaming media wars on
   Tuesday was hit with technical glitches that the company said were
   caused by higher-than-expected demand as it takes on rival Netflix.

   It was unclear how many people successfully signed up and how many had
   difficulty accessing the $7-a-month Disney+, which features roughly 500
   movies and 7,500 TV episodes from the company's deep family
   entertainment catalog as well as new programming.

   But investors appeared to welcome the comment that interest had topped
   Disney's forecasts. Disney shares rose about 1.2% to $138.48, while
   Netflix dropped 1.2% to $290.58 in afternoon trading.

   "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," Disney said in a statement.

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