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Disney to Break Away From Netflix With its Own Streaming Service

posted by martyb on Thursday August 10 2017, @11:51AM   Printer-friendly
from the don't-cross-the-streams dept.

takyon writes:

Disney has announced that it will stop providing new movies to Netflix in 2019, in favor of its own streaming service:

Disney has decided it wants to create its own internet services built around its ESPN and Disney entertainment brands. As a result, Disney said it would stop making its newly released movies available to stream on Netflix beginning in 2019. That means Netflix Inc. has roughly 18 months to figure out how to replace fresh Disney and Pixar movies, which are popular draws for its subscribers. A Netflix executive has said Disney programs are responsible for something like 30 percent of Netflix viewing in the U.S. (Disney movies are available on Netflix only in the U.S. and Canada.)

[...] This Walt Disney Co. announcement may also explain why Netflix on Monday announced the first acquisition in its 20-year history, for a company that specializes in creating superhero characters. Netflix also has an arrangement with Disney's Marvel brand under which Marvel makes series exclusively for Netflix based on Marvel characters. That relationship is responsible for buzzy Netflix shows including "Daredevil" and "Luke Cage."

Also at Reuters, CNBC, and Walt Disney.

Previously: Netflix Acquires Comic Book Publisher Millarworld

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  • (Score: 2) by jimshatt on Thursday August 10 2017, @12:12PM (1 child)

    by jimshatt (978) on Thursday August 10 2017, @12:12PM (#551582) Journal
    Individual channels, but with on-demand content. But ten times as expensive as it's worth, probably.
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  • (Score: 2) by nobu_the_bard on Thursday August 10 2017, @07:41PM

    by nobu_the_bard (6373) on Thursday August 10 2017, @07:41PM (#551825)

    This is already starting to happen in various circles: VRV is an example. Several Indy content streams and importers combined to perform on-demand streaming like Netflix. It and similar services probably will end up being something like the cable channels of their time. Probably only a handful of very prodigiously productive content producers like Disney will be able to strike out on their own.