Disney to Remove ALL Content From Netflix to Start Own Streaming Service

Le·gal In·sur·rec·tion | 8/9/2017 | Mary Chastain
Firefang (Posted by) Level 4
Click For Photo: http://legalinsurrection.com/wp-content/uploads/2017/08/DisneyNetflix.jpg




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

“The media landscape is increasingly defined by direct relationships between content creators...
(Excerpt) Read more at: Le·gal In·sur·rec·tion
11 other people are viewing this story
Wake Up To Breaking News!
Satan's greatest desire is to convince the world he doesn't exist, and he has quite nearly succeeded.
Sign In or Register to comment.