Business Briefs: Disney Plus, Coca-Cola energy drinks, YouTubePosted: Updated:
Disney's long-discussed streaming platform finally has a name. It will be called Disney Plus, and will debut late next year. Included in the service is content from Pixar, Marvel, Star Wars and National Geographic, according to Cheddar. Disney also said next year it will be pulling its content from Netflix. It will be Disney's second streaming service after ESPN Plus, which now has more than a million paid subscribers.
Coca-Cola says it has plans to release its own line of energy drinks, but the plans are not sitting well with one of its partners. Coke signed a distribution deal with Monster Energy drink in 2015, under the condition that Coke would not launch a competing product. After news broke, Monster stock dropped 11 percent and the companies are now in arbitration.
New data from Pew Research Center finds that 51 percent of people say they use YouTube to learn new things. And 1-in-5 people say they use YouTube to help understand events happening in the world. But it's not all serious business, 68 percent admit to watching YouTube to simply pass the time.