Author Topic: Disney will pull its movies from Netflix and start its own streaming services  (Read 42 times)

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Offline Mave

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Disney will pull its movies from Netflix and start its own streaming services

Disney wants to own a bigger piece of the streaming pie.



The company announced during its latest earnings report on Tuesday it intends to remove its movies from Netflix.

Instead, Disney plans to launch a branded direct-to-consumer streaming service in 2019 starting in the U.S. and expanding globally.

CEO Bob Iger told CNBC's Julia Boorstin Disney had a "good relationship" with Netflix, but decided to exercise an option to move its content off the platform. Movies to be removed include Disney as well as Pixar's titles, according to Iger. Netflix said Disney movies will be available through the end of 2018 on its platform. Marvel TV shows will remain.

The new platform will be the home for all Disney movies going forward, starting with the 2019 theatrical slate which includes "Toy Story 4," "Frozen 2," and the upcoming live-action "The Lion King." It will also be making a "significant investment" in exclusive movies and television series for the new platform.

The company will also launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis' Grand Slam events.

To power the services, Disney is buying a majority ownership of BAM Tech for $1.58 billion. Disney bought a 33 percent stake in the company, which was spun off from digital media company MLB Advanced Media, in August 2016.

Source and more: https://www.cnbc.com/2017/08/08/disney-will-pull-its-movies-from-netflix-and-start-its-own-streaming-services.html

And it's already hurting netflix http://variety.com/2017/digital/news/netflix-stock-disney-movie-deal-ends-1202519997/

Offline Stybar

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So they're investing 1.58 BILLION in a company to start their own streaming, in the hope that people won't go "yohoho" en masse? Bold move.

Offline Mave

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So they're investing 1.58 BILLION in a company to start their own streaming, in the hope that people won't go "yohoho" en masse? Bold move.
Probably peanuts for Disney, still..

Offline Stybar

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It's still a fucking boatload of money, that they're gambling against people not going illegal.

Although I'm guessing they're aiming for the default mom and pop who have no idea what's what and just get it for the kids.

Offline Mave

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It's still a fucking boatload of money, that they're gambling against people not going illegal.

Although I'm guessing they're aiming for the default mom and pop who have no idea what's what and just get it for the kids.
Every kid will probably be begging for this service.