Disney unveils new streaming service to debut late this year

Disney unveiled its hotly anticipated video streaming service that's aiming to topple industry pioneer Netflix, once a valuable ally of the Magic Kingdom.The service will cost $6.99 per month, or well below the $13 monthly fee charged by Netflix for its most popular streaming plan.The service, called Disney Plus, has been in the works for more than year, but Thursday marked the first time that the longtime entertainment powerhouse has laid out plans for its attack on Netflix and a formidable cas