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Netflix, Disney Slip After Apple Reveals $4.99-a-Month TV+ Plan

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Tim Cook Unveils Apple TV+ for $4.99 a Month

Apple Inc.’s new online-TV service is cheap enough to make investors in Netflix Inc., Walt Disney Co. and Roku Inc. nervous.

Shares of those companies declined on Tuesday after Apple announced plans to release its new TV+ streaming platform on Nov. 1 for $4.99 a month. It’s set to launch in 100 countries.