Bitcoin Forum

The streaming service disney plus began accepting customers today for signing up monthly $6.99 or yearly for $69.
Every title they will offer starting day https://www.youtube.com/watch?v=m0FRDaHnITI
There were some problems today they call snafus.
https://www.washingtonpost.com/technology/2019/11/12/disney-glitchy-debut-is-stuff-tech-launch-nightmares/
But overall a successful launch. Many have said it costs a bit more compared to their competitors but they offer so many more movies since they own marvel and star wars also having the entire catalogue to the disney movies from the beginning of time and are adding more content daily.

Do you think if they accepted a certain crypto for payments of their service would it make it explode and be beneficial to them in any sort of way?

Given Disney's business model and how they generally seem to operate, they're more likely to try coming up with their own crypto if they can't buy one out.   ::)

Anything they can't own, they try to compete with.  It's a bit predatory if I'm honest.  Not what would traditionally come to mind when you evoke thoughts of what Disney represents.

It is an aggressive business model yet a successful one at it. But so was apple inc when steve jobs was alive. After his death. Not so much. :-\
If they want to be number one they have to be this way and it is just savvy business. I am a bit surprised there isnt a disney alt coin yet.
Sort of like what ripple is doing and if they wanted they could buy it up and adopt that to their business for their entrance into the cryptocurrency space. Just pick and choose what they want to keep and what they dont want just like a customer is doing on their plus+ service in picking a show they want to watch. :D
With 2 million subscribers presigned up before launch. They have a lot of eyes for which ever they plan to do if they do create their own token for payment of their services or just adopt a pre existing one.

I can see in the upcoming future a DisneyCoin for sure in order to keep the funds only for them so they won't depend to another coin and its nothing wrong with it. We know that Disney in the last year they growth so much when it comes to franchise economical importance and they made so many new movies , games and tv series.

Anyway until they make their own coins ( IF THEY WILL DO IT ) for sure we will find vouchers to buy for Bitcoin or Ethereum same we can find for Netflix or HBO.

There is no need for them to built their own crypto, nor accept cryptocurrencies. Other than the risk of a crackdown from the government, there's no huge benefit either. VISA/Mastercard is probably fast and secure enough for its purpose. They won't risk their business just for the sake of crypto.

it wouldn't work with anything other than bitcoin, not to mention the lack of security of others. and even if they were to accept bitcoin payments i don't think it would change anything about their profitability. all it could do is create some hype and possibly bring some small additional revenue because there still aren't that many people who know bitcoin or own any and from that small percentage a very small portion are willing to spend it.
in other words not only the audience is small but also they aren't spenders.

$69 yearly subscription fees seems reasonable! If I comapre it to their competitors, netflix costs more as it starts from $9 monthly and goes up to $16 monthly. But the business here is not about the payment method, it's about the content!

I personally don't think that adding crypto will do any additional benefit to them! But yes, it will boost the reputation of cryptocurrencies if Disney choose to add one! So in a way, cryptos will get more visibility to the world population if Disney starts to accept them! On the other hand, Disney can expect to get few more subscribers, but it won't certainly explode their business!

Just to see in Disney that accepts payments in Bitcoin, it would be something great, it would be something fabulous for adoption, however for Disney whose stock market graph is at its top, reaching almost its Distribution stage, would it be a plus at the level of Marketing and ease of payments.

I am attracted to the idea that they establish a business model based on it, in addition they would be getting ahead of many famous companies that accept Bitcoin, (I would like only Bitcoin, it's like more elegant) thus affirming that they are in favor of technology.

It would pretty much reverse first, then go back to Disney. What I mean is that when they decided to include cryptocurrencies, the first benefactor would be these cryptocurrencies, and when the public accepted and adopted to this new payment method, then it might increase Disney's sales and also their profit. It would be a win win situation for each party

Wow! The level of competetion arises. I think they'll be leading and able to defeat Netflix, FOX + in no time because they got a huge collection of movies ~ ranging from movies with wholesome content like animations to those which are only suited for adult audience like Pirates of the Caribbean series (my favorite <3) and Marvel.

Regarding to your question, yeah it could help them to reach more people since they will be able to get sales even from the crypto community worldwide. I know we are small compare to the rest of the population but "every drop counts" right? Especially when it comes to money talks because even a cent have a value :D. 

No, I doubt if Crypto or Bitcoin acceptance as a payment option, would boost adoption. This service is still very new and it is entering a already saturated market with very good competition like NetFlix. Netflix invested 1 Billion Dollar into the development of the proprietary codec that they use for their video streaming and it is far better than most of their competitors.

An alternative payment option should offer some kind of incentive for people to switch, so if Disney plus+ just offer it as an alternative payment option without any incentive, then people will not switch. They will have to give a small discount to people paying with Bitcoin to boost adoption.  ;)

I don't think it's a lot to be far, $7 a month is more than Amazon TV ($5) but less than Netflix ($7). The entire entertainment industry is splitting up and sort of following what made cable TV shit, especially with companies owning different franchises (just thinking about Game of Thrones on HBO, who actually uses that site except for GOT :P).

There is no need for any subscription-based service to offer a crypto-currency, this is a prime example of people trying to add blockchain to something and then thinking it will sell - there's simply no need here.

Depends...

in my opinion the Disney project will definitely accept crypto because there are now many film projects competing to advance the quality of their projects to be more easily adopted by the public, especially in today's highly sophisticated technology that allows some people to prefer crypto for their payments, and I hope Disney will be a good project and can entertain us when we are bored with a good film screening.

As said in other threads, only some 6.2% of Americans own crypto. Such a big business as Disney don't care about crypto. If they add such payments, they'll do it through a payment processor and they'll actually receive US dollars.

I don't think that crypto would make their service "explode", but could give them a slight edge. From what I've read their service is cheaper than Netflix and that's more important for most possible customers (together with the content, obviously).


On another hand I don't know if I can install any Disney+ app on my TV (while Netflix and HBO go are there)....

I think they should take every advantage they could take against their competitors. They started late in streaming services. Netflix already has a wide user base while disney+ is just starting. And after their buggy launch, they'll need every slight edge they can take.

If Disney plus service would start accepting crypto payments, I doubt that it would have significant positive influence for them. It would be more like PR campaign. Because number of crypto user is too small in general and starting accepting Bitcoin or other currency wouldn't increase number of their subscribers significantly.
I see that some of you comparing Disney+ and Netflix. I think they are indirect competitors. Disney plus is cheaper, but I doubt people will seitch from Netflix just because of this. Because content of these services is completely different. Disney+ is mainly for children, while Netflix offers lot of great movies and TV series.

I very much doubt that Disney will support cryptocurrencies.

If they want to make their own cryptocurrencytime is now.

But I believe they already have one. Dragon chain, right?


If they own dragonchain or not, they are very good in everything they do.
Just compare marvel movies with DC's... Their parks with the competition..

If they make their own cryptocurrency it will be as good aa libra ir any other, probably even better.

Disney+ already have a named and supporters with or without crypto as payment it can be used by many. The one who will benefit if they will accept is us than Disney companies. Netflix however didn't accept crypto too but you can buy account from crypto users if Disney+ will be access by those who create subscription account and accepts crypto then we can buy from them.

It's highly unlikely that any of the streaming services are going to start accepting crypto very soon but one thing I know is that with so many video streaming services out there, it's going to lead to better contents and competitive rates which will be good for the subscribers.

How can a payment method that is adopted by just a few percents of the population make a service like Disney+ explode? Disney+ will get more users in a few days than Bitcoin did in 11 years. When Steam and Fiverr dropped Bitcoin support, they didn't suffer and observable drop in revenue. Perhaps we should be asking how would Disney+'s adoption of Bitcoin affect its popularity as a currency and the price?

Also, going back to Disney+, they have to comply with a lot of regulations and as the result they don't operate in a lot of countries, including mine. If this wasn't the case, Bitcoin could have helped them to connect with audiences that can't conveniently buy their services otherwise.

I don't think that accepting crypto as a method of payment would impact a business in a major way, but it would certainly gain quite a bit in sales and will acquire a kind of advantage over the competition aka Netflix and HBO Go.

Obviously is in all our best interest that more and more companies adopt BTC and cryptocurrencies, but I think the catalyst will be the Bakkt consumer appvina and Stsrbucks partnership.

Disney is already successful even without any cryptocurrency involvement. To be honest they don't have to adopt cryptocurrency since they're already doing well in the industry. Since they hold a lot of popular movies that we grew up in our childhood. But once they will adopt crypto, it can help to boost and encourage more customers especially crypto enthusiasts.

I am not sure whether they are willing to accept crypto, it would depends on the owner, perhaps executives, or someone who will decide about their marketing strategies. It's more possible if the owner or someone in the higher position is a fan of crypto

Why would Disney bother? Why would any streamer bother? They want recurring payments that people are too lazy to cancel. Most would go under without them.

At present Disney has a rights problem, not a payment problem. I presume that's why it's launching next year in other territories.

I can't believe anyone there didn't think to attempt to clear up whatever issues there are because by the time it does launch they'll have lost tens or hundreds of millions of dollars in business as people just pirated it rather than wait like good little consumers.

This. It's the second-tier orgs that need to offer crypto to gain themselves a few headlines. A bit like Overstock offered crypto payments to help get them in the news as they struggle to take on Amazon.

There is no point for them to accept crypto, maybe .001% of people would buy based on them accepting crypto. I am not saying they wouldn't get normal purchases with crypto, but these people would have bought the service with fiat anyway. So there is really no need for them to accept since it will only complicate things.

What I meant was make the certain crypto they choose to use make it become more widely accepted thus increase its use not the platform disney has created.
My apologies for not making this point clear as others have read my statement this way too from the other informative feedback here has suggested.
Also someone did mention a disney division had dabbled in cryptocurrency with the coin dragonchain which I had heard of but did not know they had any involvement with. Will need to do some further research in the project to see if they plan on using it with their main business and not just experiment with it.

A very valid point to bring up since I think one of the reasons why they wanted to start a streaming service due to people just going online and downloading their copyrighted content by some other means.
But with their service their customers get way more then just the movies. They receive the extras as well from what they would get if they bought the bluray version for how ever much the movie costs online or in store.

Actually, Disney has already been involved in crypto-related stuff, so their token might be not far away. In 2014, they developed their own private blockchain Dragonchain, but a couple of years later it became open-source and is now considered to be unrelated to Disney. Disney is indeed a company that tries to conquer everything near it. Just in the spring of 2019, there've been rumors about Disney thinking of buying Bitstamp exchange. Taking these things into account, I think that Disney is likely to introduce their own token or buy out an existing crypto project they can afford and find successful.

May be it would play a good role for developing their business. But Disney is such an incredible and powerful structure that they more likely make their own coin instead of accepting some other. But in my opinion it would be interesting. Because it might attract attention of lots of people. And their coin will be really demanded))))) may be even price will be really high...

Plenty of pirated films come with the extras now as well. Even if they don't you can often find them elsewhere if that's your bag.

I'm finding it really strange that they haven't learnt the lessons of the music industry and gathered around a small number of services. Instead they're running flat out in the opposite direction after flirting with sense.

Maybe they know something we don't. I have no idea what it is. I'll cherry pick their best torrents.

The rumors are that these streaming services wants to transition to Live TV broadcasts too, because they want to offer something that you cannot instantly get on these pirate sites. They also want to introduce advertising on their platforms, because it is getting very difficult to fund original content with all the competition coming onto the scene.

Disney plus+ was supposed to be the Netflix killer, but I think Neflix are one step ahead of them, so they will not just lie down to die. I would like to see one of these services introducing some smart contract based on Crypto currencies to pay monthly for these subscriptions, because it will give them some advantage over some of their competitors. <grabbing the Bitcoin market>

What's more to do, when they're self satisfied with the present. Most of the firms that have established their business have their presence on the crypto market. This is just to have their name reach even the crypto people who haven't heard of them prior. This way Disney can take any decision in this, as crypto isn't a must for them to get popularity. Even when we think of their own coin the possibilities were low now.

If they wanted to buy into the idea of cryptocurrency as you innocently think, I think that you would have already seen it and I think they would have incorporated it into their system before releasing the project, that is if they even have the plan of doing something of such.

Even if they decide to join the cryptocurrency sphere, they will only end up creating their own cryptocurrency which I don’t think that we will still have many user that will accept it as it will still be more like a centralized coin, and also, it will still take a very long time for them to be able to enforce the use of cryptocurrency for their project which their viewers will prefer to still deal with fiat as it is still the simplest means of making payment for things like this.

This is what people fail to see about socalled acceptance of crypto by big corporations. They do not care about Bitcoin,,, they care about profits and paying salaries and paying dividends to investors. And not a single one of these shareholders probably care if they get it in bitcoin, they want cold money and hard cash.

BTC by Bitpay is not crypto adoption;)

Plex, the best platform for curating and streaming one's pirated 'shit', seems to be pushing the live angle to near universal condemnation. I have no interest in it whatsoever.

Same goes for advertising. If that becomes a thing, and why wouldn't it?, that's going to turn off a lot of customers.

Crypto and recurring subscriptions will never really work. They require pulling rather than pushing. And until people earn in crypto they're going to be a lot more discerning regarding the things they pay for with it.

Your right but look when facebook wanted to do the exact same thing. They got shotdown by the us government and their idea died in a fire ball of controversy for all companies to follow with the idea of creating their own cryptocurrency in making payments for the use of their services.
I was thinking if they accepted something like stellar lumens or one which the bigger crypto companies have airdropped to their customer base then it would be accepted soon rather than later.
With 10 million already signed up for disney plus in their first day of release those are alot of potential customers which could of had their first contact with using a particular cryptocurrency in which disney would of introduced them too. :-[

for now I don't think they will accept crypto. but in the future, maybe this can happen. there are some cryptos that are suitable for use on their platform, but they can also make their own crypto. Disney Coin, sounds really good. and maybe this will be better than libra (facebook) and gram (telegram).