Verizon offers free year of Disney Plus in swipe at Netflix

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Verizon offers free year of Disney Plus in swipe at Netflix
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Verizon is offering new and current customers a free year of Disney+ as the battle for streaming customers heats up.

The offer announced Tuesday is worth nearly $84, based on $6.99 monthly subscription fee for the Disney Plus service, which debuts Nov. 12. It extends to certain new and existing unlimited 4G and 5G customers at Verizon, as well as the vast majority of new home-internet customers.

Disney Plus plans to release more than 25 original series and 10 original films and documentaries in its first year, including a remake of"Lady and the Tramp." Netflix's stock has lost about a third of its value since hitting its peak price 16 months ago. The shares shed 3% Tuesday after the Verizon announcement.

Apple is offering a free year to its new streaming service, scheduled to debut Nov. 1, to anyone how buys an iPhone, iPad or Mac computer.

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