- Telus Corp. stock retreated after announcing a new streaming service package including Netflix, Disney+ and Prime Video
- The basic C$20 a month plan, Stream+ Basic provides Netflix Standard with ads, Disney+ Standard with ads, and Prime Video
- The Stream+ Premium bundle goes for C$38 a month and includes Netflix Premium, Disney+ Premium, and Prime Video
- Telus stock closed at C$24.62 per share
Telus Corp. (TSX:T) stock retreated after announcing a new streaming service package including Netflix, Disney+ and Prime Video.
Upon details in a news release, the Canadian telecommunications company stockfluctuated after revealing its Stream+ service, available only to its customers.
The basic C$20 a month plan, Stream+ Basic provides Netflix Standard with ads, Disney+ Standard with ads, and Prime Video.
The Stream+ Premium bundle goes for C$38 a month and includes Netflix Premium, Disney+ Premium and Prime Video.
Just when you thought you could cut the cord on traditional cable packages, they are back again. Telus’ senior vice president, mobility and home products and transformation, Dwayne Benefield, touted the savings the package provides in this era of multiple streaming options.
“And in the coming months, Stream+ will be further enhanced to give Canadians the ability to fully customize their entertainment experience by adding other streaming service providers to their bundle to enjoy even more savings,” he said in a statement.
Independently, Netflix’s standard with ads package is advertised at C$5.99 a month, while its standard offering is C$16.49 and the premium package is C$20.99 a month, all before tax.
Disney+ Standard with ads costs C$7.99 per month, Disney+ Standard is C$11.99 a month and Disney+ Premium costs C$14.99 a month, before tax.
Amazon Prime Video is available for C$9.99 per month, before tax.
Back in August 2023, Telus cut 6,000 jobs citing a need to free up cash, Disney cut 7,000 jobs in February under a restructuring by recently reinstated CEO Bob Iger and Google parent Alphabet said this week it will cut more than 1,000 staff. There are also media reports that Amazon will cut hundreds of staff in its Prime Video and Amazon MGM Studios division.
With its headquarters out of Greater Vancouver, Telus Corp. designs, builds, and delivers a wide range of solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, e-commerce and fintech, banking, financial services and insurance, healthcare and others.
Telus stock closed Friday trading at C$24.62 a share and was up 1.94 per cent on the week.
Meanwhile, Netflix, Inc. (NASDAQ:NFLX) stock climbed 1.04 per cent by the end of Thursday, but lost 0.49 per cent in Friday trading, when it closed at C$648.41 a share.
Walt Disney Co. (NYSE:DIS) stock finished up 0.92 per cent on Friday at C$124.94 a share.
Amazon.com Inc. (NASDAQ:AMZN) stock was up 1.20 per cent by Friday’s close at C$208.56 per share.
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