January 21, 2018

Disney to rival Netflix and Amazon with own streaming service

12 August 2017, 12:31 | Cassandra Thompson

Disney to rival Netflix and Amazon with own streaming service

Disney Buys Majority Share of BAMTech, Will Launch New Streaming Services

The announcement also meant that with direct to consumer offerings in the works - for ESPN and Disney related content - content that had been distributed through Netflix would be pulled.

While this partnership with ESPN is a strong move on Disney's part, one analyst, Brian Weiser, pointed out that, "Disney will have to be careful that it doesn't transfer too much sports programming from its TV channels to the app. Getting the balance wrong could upset cable companies and weigh on the price they pay Disney for ESPN". The movies were previously released in theaters, but these Marvel shows were released exclusively on Netflix. They don't watch Disney. According to Disney CEO Bob Iger, the company is still considering how it wants to bring Marvel and LucasFilm titles to consumers. It plans to launch an ESPN-branded sports streaming service in 2018, with a general consumer service following the year later.

Remember when Disney announced that exclusive content deal with Netflix? I'm sure many will, but will it be enough to sustain a full Disney streaming service?

The previously announced ESPN service will be "more robust than the one we had anticipated", according to the company, and will include "approximately 10,000 live regional, national, and worldwide games and events a year, including Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports".

Disney Stock Exacts Steeper Toll Than North Korea On Dow
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Disney is first looking to expand its current stake in streaming media technology company BAMTech. During its earnings report today, the House of Mouse announced it will remove its films from Netflix in 2019 and launch its own streaming service later that same year.

Currently, BAMTech designs, develops, and delivers direct-to-consumer streaming services for partners including HBO Now, MLB, NHL, MLB, PGA Tour, WWE Network, and Riot Games' "League of Legends". Nope, it's just the quality of Netflix's content. Animated series like "The Clone Wars" will move to the Disney app. It will be the exclusive US home for SVOD viewing of Disney and Pixar content. Titles like Toy Story 4, the sequel to Frozen, and The Lion King from Disney live-action, along with other "highly-anticipated movies" were highlighted as the type of content that will be featured. However, Marvel fans can relax and rest assured that Marvel TV adaptations such as Jessica Jones will remain available on Netflix.

"Netflix, which lately has been focusing on its own exclusive programing, said it would continue to do business with Disney globally, including keeping its exclusive shows from Marvel television". Netflix shares fell on the news, but the response is most likely a knee-jerk reaction.

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