Disney And Pixar's 'Soul' To Premiere On Disney+ On Christmas

(RTTNews) - Disney and Pixar's animated family film 'Soul', which was due to be released in November, is skipping theaters and heading for an exclusive Christmas premiere on streaming service Disney+.

In the countries where Disney Plus is not available, Soul will be released theatrically, but a date is yet to be announced.

In a tweet, Walt Disney Studios said "Disney and Pixar's Soul will be streaming exclusively on Disney+ on December 25th."

The movie will now be available to Disney Plus' around 60.5 million subscribers. The streaming service costs $6.99 per month.

The decision on Disney's much awaited film after Mulan comes as theaters are struggling to remain open amid new restrictions following increase in COVID-19 numbers in many areas. Soul was initially heading for a June release, but was rescheduled for November 20 in U.S. theaters due to the pandemic.

Meanwhile, it is expected that Soul will not cost like Mulan, which was released on Disney Plus for an extra $30 for "premier access" video on-demand or VOD release.

In a statement, Disney said, "Over the last six months, marketplace conditions created by the ongoing pandemic, while difficult in so many ways, have also provided an opportunity for innovation in approaches to content distribution."

Earlier this week, movie theater operator Cineworld announced its plans to temporarily suspend operations at all of its 536 Regal theatres in the US and Cineworld and Picturehouse theatres in the UK from October 8. The company then noted that studios have been reluctant to release their pipeline of new films, and without these, it cannot provide strong commercial films necessary for customers to consider coming back to theatres amid Covid-19.

Meanwhile, AMC Entertainment Holdings, Inc., the biggest operator of cinemas in the U.S., recently said it expects 520 of its roughly 600 theaters to be open by mid-October.

Among other movies waiting for theatrical release this year, "Dune" and James Bond sequel "No Time to Die" recently postponed their release to 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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