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Netflix took a major blow on Tuesday when Disney announced it will remove all of its content in 2019 to start its own streaming service. ESPN, which Disney owns, will start a streaming service in 2018. From The Hollywood Reporter:
Details of the Disney streaming service were sketchy Tuesday, with CEO Bob Iger saying that if a movie is Pixar- or Disney-branded, it will probably appear exclusively on the new service — including shows and movies made specifically for the service — but the jury is still out on Marvel and Star Wars films.
ESPN - TV - Subscribers - Years - Stand-alone
ESPN has been losing TV subscribers for a few years and an online stand-alone product has been predicted for months, but ending a distribution agreement with Netflix beginning with the 2019 theatrical slate caught investors off-guard and Netflix shares quickly sunk 4 percent on the news in after-hours trading.
Iger called the initiatives “a strategic shift in the way we distribute our content.”
Disney - Sort - Hint - Year - Majority
Disney sort of dropped the hint last year when it acquired the majority of the shares of a certain streaming technology company. NBC News reported:
The news follows Disney’s majority-share acquisition of BAMTech, a streaming technology and marketing company it first bought one third of last year for $1 billion. Disney said Tuesday that it purchased an additional 42 percent of the company for $1.58 billion.
Media - Landscape - Relationships - Content - Creators
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