Netflix, Disney, and Roku tumble after Apple announces its streaming service will be cheaper than rivals

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Netflix, Disney, and Roku tumble after Apple announces its streaming service will be cheaper than rivals
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Apple announced its streaming platform will cost $4.99 per month, and customers who purchase a Mac, iPhone, or Apple TV will receive year free.

Shares of Disney, Netflix, and Roku fell on Tuesday after Apple announced its upcoming streaming service will cost $4.99, a lower figure than previously expected — and one that undercuts rival prices. Apple also said customers who buy a Mac, iPhone, or Apple TV will recieve a free year of the service. The announcement comes as the streaming space is set to get much more crowded in the coming months with the release of new platforms from Disney, AT&T, and Comcast.

Shares of Disney, Netflix, and Roku fell on Tuesday after Apple announced its upcoming streaming service will cost $4.99, a lower figure than previously expected — and one that undercuts rival prices. Apple also said customers who buy a Mac, iPhone, or Apple TV will recieve a free year of the service. The announcement comes as the streaming space is set to get much more crowded in the coming months with the release of new platforms from Disney, AT&T, and Comcast.

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