In this July 31, 2017, file photo, the Discovery Communications logo sits atop its headquarters in Silver Spring, Md. Discovery is joining the increasingly crowded streaming fray with its own reality-focused service Discovery Plus that will include shows from the Food Network, HGTV, TLC and its other networks. It launches Jan 4. (AP Photo/Manuel Balce Ceneta, File)
Discovery is joining the increasingly crowded streaming fray with its own reality-focused service Discovery Plus that will include shows from the Food Network, HGTV, TLC, and its other networks. It launches January 4.
The service will cost $5 a month with ads and $7 a month without ads. By comparison, the ad-free Disney Plus costs $7 a month and Netflix's most popular plan costs $14 a month.
Each account will include up to five user profiles and support four concurrent streams. Discovery said the service will be available on “major platforms," connected TVs, web, mobile, and tablets, but it didn't specify which services would carry it.
Discovery CEO David Zaslav first announced the streaming service in late 2019 but did not provide details until now.
Discovery has built a reality-TV empire with popular channels that feature reality programming, including the Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, and others. Hit shows have included TLC's “90-Day Fiance," HGTV's “Fixer-Upper" and Guy Fieri's “Diners, Drive-Ins and Dives" on the Food Network.
The service will offer some originals like “90-Day Fiance” spinoff “90-Day Diaries” and “Long Island Medium” spinoff “Long Island Medium: There in Spirit.”
Verizon customers will get a year free of the service, similar to the deal that Verizon did when Disney Plus launched in late 2019.
Discovery Plus joins a slew of new streaming services started to challenge traditional TV providers and dominant streaming services like Hulu and Netflix over the past year, including Disney Plus, Apple TV Plus, HBO Max, and Comcast’s Peacock service. CBS recently rebranded its CBS All Access service as Paramount Plus, relaunching in 2021.
The service will roll out in 25 countries in 2021 including Italy, Spain, UK, and Ireland as well as India.
Stocks closed higher Wednesday on the heels of the Federal Reserve's December meeting. Chairman Jerome Powell announced the central bank would leave interest rates low and unchanged for now, with the anticipation of three hikes next year. The Fed will also speed up the timeline of its asset tapering, beginning in January 2022. Dan Russo, Portfolio Manager and Director of Research at Potomac Fund Management joins Cheddar News' Closing Bell to discuss today's close, how investors reacted to the Fed's announcements, and more.
There is a new way for investors to bet on cannabis - the AdvisorShares Poseidon Dynamic Cannabis ETF targets about 20 of the biggest names in U.S. cannabis. It comes at a time when it's still difficult for investors to access the space. Cheddar News cannabis reporter Chloe Aiello spoke with co-founder and managing director for Poseidon Investment Management, Emily Paxhia.
Victor Li, an economics professor at the Villanova School of Business, joins Cheddar News' Closing Bell, where he discusses the latest Fed decision and the implications it has on the stock market.
Danvas is a new company that aims to bring NFTs and digital artwork into the real world through an interactive, museum-quality display. The company says its product is the first premium, luxury digital art canvas, which it hopes will accelerate the world's appreciation of digital artists and their work, and empower collectors to acquire more NFT art. Danvas also just announced its launch this week, with a $7 million seed round from some big-name backers. Danvas co-founder and CEO Jeanne Anderson joins Cheddar News' Closing Bell to discuss.
The California-based tech company specializing in enterprise cloud-based data analysis of connected internet of things (IoT) has gone public on the NYSE, and Samsara's CFO Dominic Phillips told Cheddar's Kristen Scholer that the timing was right for the public offering for the firm's next phase of growth. "We're going to continue to add to our go-to-market motion, we'll continue to build out our international presence, we'll continue to add more selling capacity specifically as we look to penetrate larger enterprise customers, and we'll look to continue to deploy money in R&D," he said.
Mark Sebastian, CIO of Karman Line Capital, breaks down the Gamestops profitability hurdles and provides an outlook on the company's turnaround strategy.
Actor, pastor, and now author Kel Mitchell joined Cheddar's 'Between Bells' to talk about his new book 'Blessed Mode: 90 Days to Level Up Your Faith' and what inspired him to write it. Mitchell said the book aims to help people boost their physical, mental, and spiritual wellbeing. Ordained as a pastor in 2019, he talked about his service in the church. He also talked about what it was like working with former castmates on Nickelodeon's 'All That' reboot.
Cheddar is looking back at the 12 biggest buzzwords of the year leading up to Christmas. The sixth term in the countdown is SPAC. Definition: (noun) abbreviation for Special Purpose Acquisition Companies. Describes companies formed to raise money through initial public offerings (IPO), to acquire or merge with an existing company.
Jeff Thomas, Senior Vice President & Head of West Coast Listing for the NASDAQ, talks about the year in IPOs and the industries seeing the most activity within the tech sector.