Disney+ streaming service will be available starting Nov. 12 (5 minute read)
Disney has revealed some of the originals it plans to create for its upcoming Disney+ streaming service, which will be available starting November 12. For 7 bucks a month, subscribers will be able to watch exclusive original content, including Marvel and Star Wars series, Pixar shorts, movies, documentaries, and more. Other content owned by Disney will be available as well, including all the episodes of The Simpsons. Disney will continue to release movies in theatres ahead of their appearance on the streaming service. However, some movies, such as Frozen II, will be exclusively released on Disney+.
Uber releases its long-awaited IPO filing (4 minute read)
Uber will list on the New York Stock Exchange as UBER around May this year. Its IPO prospectus contained the first official record of its financials. The company reported $11.27 billion in revenue and $997 million net income in 2018. Names of major shareholders were released, revealing that co-founder and CEO Travis Kalanick still owns 8.6% of the company. Drivers who had done a certain amount of trips will receive a cash reward. While Uber is a giant in the ride-sharing industry, there are still challenges that the company faces that may affect its valuation.