During Disney’s latest earnings report, Disney announced that it will pulling all of their movies from Netflix eventually in order to start its own direct to consumer streaming service.
From CNBC:
The company announced during its latest earnings report on Tuesday it intends to pull all its movies from Netflix.
Instead, Disney plans to launch a branded direct-to-consumer streaming service in 2019.
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.
“This represents a big strategic shift for the company,” CEO Bob Iger told CNBC’s Julia Boorstin. “We felt that having control of a platform we’ve been very impressed with after buying 33 percent of it a year ago would give us control of our destiny.”
Netflix stock dropped more than 5 percent upon announcement of the news.
Source: CNBC
Disflix? Throwback!
$10 a month?
Will Netflix still be airing the various Marvel/Netflix originals?
From what I’ve seen all the Marvel Netflix original shows will still be available on Netflix
Now I saw no mention of NFL. Will they be streaming that, as they own ESPN and whatever alphabet channel?? If so I’m dropping dtv altogether and just going disney!!
Directv has the exclusive rights for NFL broadcasts, ESPN only has Monday Night Football. Once Directv allows sunday ticket through their new streaming service, DTV Now then you could drop the dish.
But don’t they already have existing streaming services like Disney Life and Disney Movies Anywhere. Why do we need another one?
DISFLIX LIVES!!
Terrible move Disney! I will not be paying for your streaming services as I already pay for three others that enjoy very much. Another greedy cooperation!
Poor Netflix, probably the first time someone has pulled out of them.
In the UK Disney already has a service like this, it’s called DisneyLife. So UK Netflix doesn’t have any classic Disney movies on it – it used to but they were all removed. It does however still have Tomorrowland and a couple of others.
As Disney moves for a bigger rollout of this, I hope they improve the tech behind it – I’ve used many online streaming sites over the years (Netflix, Amazon, 4od etc.) and I’ve never had problems like I had with DisneyLife – their tech team even gave up trying to help me!
Not Cool Disney Not Cool
If this is the entire Disney movie library this is an awesome idea. I’d love to watch some of the classic Disney live action movies on a service like this when ever I’d like. Seems like a home run to me.
Smart move by Disney.
As TheButterBunny says, Disney already has its own streaming service. Its called DisneyLife and has been around for over 18 months.
I suspect Disney is just going to expand this into the US.