Disney+ To Make Debut In France In March

Disney+, the video streaming service of Walt Disney Co DIS, will make its debut in France by March next year, Reuters reported on Sunday.

The streaming service will be available on French media giant Vivendi SA's VIVEF Canal+ television channel.

"This exclusive partnership is a new major step in the transformation of the Canal+ model," Maxime Saada, the Chief Executive Officer of the channel said, according to Reuters.

The partnership comes at a time when Vivendi is facing increased competition from California-based Netflix Inc.'s NFLX streaming platform.

In February, Netflix said that it had five million subscribers in the country, above that of Canal+'s 4.76 million subscribers, Reuters reported at the time.

Disney+ launched in the U.S. in November, with reports of technical glitches and account breaches surrounding it from the first hour of its existence.

Price Action

Disney's shares closed 0.34% lower at $146.38 on Friday. Rival Netflix's shares closed 0.020% higher at $298.50.