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Disney To Remake Christmas Classic 'Home Alone' And Not Everyone Is Happy

Disney To Remake Christmas Classic 'Home Alone' And Not Everyone Is Happy

Disney CEO Bob Iger said the company would be "reimagining" the 1990s Christmas classic film for its long-awaited streaming service Disney +, during a con-call with the investors.

It's only August, but it looks like Christmas has come early for us! Well, that's because Disney has announced that a remake of Home Alone is on its way. According to CNN, Disney CEO Bob Iger said the company would be "reimagining" the 1990s Christmas classic film for its long-awaited streaming service Disney +, during a con-call with the investors. Also, Night at the Museum, Cheaper by the Dozen and Diary of a Wimpy Kid will also be coming back to make the child in you happy! In March, following a $7 Billion deal, Disney acquired most 21st Century Fox assets, which also included several film franchises. 



 

However, Disney did not reveal anything else about the production, like how or when the film will be remade, or who will be cast. "We are also focused on leveraging Fox's vast library of great titles to further enrich the content mix on our... platforms -- for example, reimagining 'Home Alone,' 'Night at the Museum,' 'Cheaper by the Dozen' and 'Diary of a Wimpy Kid' for a new generation on Disney+," Iger told investors on Tuesday.



 

Home Alone, starring Macaulay Culkin, was released in 1990. It has an audience rating of 80 percent on Rotten Tomatoes and a 7.5 rating on IMDb.  In April, the company unveiled its Disney+ streaming service and announced they will launch it in November across North America. So, what makes Disney + unique, months before it's already been launched is the fact that it's much cheaper than the competition in the market. It will cost just $6.99 per month β€” about half the price of a standard Netflix subscription, according to CNN



 

"I'm sure this was a signal to Netflix and everybody else out there that are charging $4, $5, $6 more than this," said Trip Miller, a Disney shareholder, and managing partner at Gullane Capital Partners. "They're here to take market share and eyeballs away from the competition." Disney also said that they expect to have 60 to 90 million global subscribers by 2025. This probably explains why Disney is offering their service at what one expert called a "fire sale" price.



 

"This is a big meteor dropping into the middle of [the media industry], and it's going to have ripple effects," said Larry Downes, project director at Georgetown's Center for Business and Public Policy. He studies telecommunications and streaming services. There's no clarity on how long Disney + will be able to hold on to their unique price point, because with time, other competitors, including Netflix, have raised their prices. 



 

Since the main thing Disney is concerned right now is gaining customers in a crowded field, their price point will do half the work for them. "What they really want to do is buy subscribers and get them hooked on the service," Downes said. Other than the price, Disney also boasts of killer content on their streaming service. They've already mentioned just how much exclusive content subscribers are going to get. 



 

To begin with, there's the company's extensive back catalog of animated Disney movies, including Bambi, The Jungle Book, and Aladdin. Disney + will also have Pixar, Marvel and "Star Wars" films β€” including the original "Star Wars" trilogy, hinting that the company bought back the rights to those films from CNN's parent, WarnerMedia. When Disney acquired most of 21st Century Fox, a few movies and series came along, too. All 30 seasons of the beloved animated comedy will be available on Disney+ from day one! 

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