Disney Launches an On-Demand Streaming Service
The media and entertainment company announced that it’s launching Disney+, a streaming service that showcases content from its brands including Pixar, National Geographic, and Marvel.
The service will be available in the United States and will launch on November 12th, 2019 with pricing at $6.99 per month.
The company stated that it expects to roll out the service globally within the next 2 years.
Lemonade Raises $300 Million
The insurance technology startup powered by artificial intelligence announced that it raised its Series D round of funding led by Softbank.
A few additional investors include General Catalyst, GV, and Thrive Capital.
The company plans to use the funds to accelerate its expansion into the United States and European markets, and launch new product lines.
The transportation company filed its IPO prospectus with the SEC.
According to the filing, the company generated $11.27 billion in revenue in 2018, and posted $997 million in net income but an adjusted EBITDA loss of $1.85 billion. It also outlined that by the end of 2018, it had an average of 91 million active users across its product lines including Uber Eats and ride-hailing.
The company plans to trade on the New York Stock Exchange.