Disney is pulling it’s content off Netflix ending and it’s distribution agreement with the video platform, to launch their own digital video service in 2019. The massive entertainment and media company made the news public today in their latest earnings report. They are purchased a 33% stake in the streaming company, BamTech as muscle for it’s new yet-to-be-named video service. The Disney video service and will include the upcoming ‘Toy Story 4’, ‘Frozen 2’ and a lot of new original content. It’s not clear when exactly Disney movies and shows will get yanked off the Net of Flix, but it’s going to happen.
This shows that the TV world is ever changing, and this is going to be a huge change that will directly affect several on-going Marvel series like ‘Daredevil’, ‘Jessica Jones’ and the upcoming ‘Inhumans’ which are owned by Disney. This of course means that Disney’s animated features like ‘Moana’ and others will also be off Netflix soon as well. In 2012, Netflix made a partnership with Disney which helped continue to make the VOD service to go-to for TV watching. Disney continues to have it’s own Disney Channel on TV cable systems across the country.
Disney is also launching a new ESPN video streaming service in early 2018. The sports platform, which will feature about 10,000 events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis’ Grand Slam events.
This clearly not good news for Netflix, especially the recent negative financial news that the company is $20 billion dollars in debt. Screen Junkies News breaks down all the info on how Netflix is facing some very harsh challenges with their massive bets.
