Image courtesy of Movie Pilot
Let’s talk about Netflix for a while, shall we?
In the wake of just how popular Netflix has been with its game-changing streaming service, more and more companies have opted for an internet based service akin to Netflix.
Within the UK, we’ve seen the rise of BBC iPlayer, ITV Player, 4 OD, and more besides, and it’s the same in America, with Amazon joining the fray, as well as other services like Hulu all jumping on the bandwagon.
Heck, even the WWE has their own version of it.
So, with all of that going on, it was only really a matter of time before the likes of Disney wanted a piece of that oh so lucrative pie.
During their latest earning reports, Disney announced that it is looking to launch its own “branded direct-to-consumer” streaming service in 2019, beginning in America before launching to a global audience.
Because of this, Disney also announced how they will be pulling all of their branded movies and series from Netflix by the end of 2018.
To power this new venture along, Disney bought a 33% stake in BAM Tech for $1.58 billion, a move that proves the entertainment giants are serious about making this work.
CEO Bob Iger told CNBC how Disney had a “good relationship” with Netflix, and stated how;
“This represents a big strategic shift for [Disney].
We felt that having control of a platform we’ve been very impressed with after buying 33% of it a year ago would give us control of our destiny.”
The new Disney streaming service will be the future home for all Disney movie moving forward, starting with their 2019 theatrical slate of releases which will include Toy Story 4, Frozen 2, and the live-action adaptation of The Lion King.
They would also be making a “significant investment” in producing original and exclusive content for the new platform in the way of movies and series.
And if that wasn’t enough, Disney announced they would also be launching their own ESPN streaming service in early 2018, featuring over 10,000 sporting events each year, with content from MLB (Major League Baseball), NHL (National Hockey League), MLS (Major League Soccer), collegiate sports and tennis’ Grand Slam events – plenty of content for you sports fans out there.
News of all of this broke the day after Netflix announced a new working partnership with Mark Millar’s Millarworld franchise, and upon Disney’s announcement to remove current content from Netflix, stock prices for Netflix dropped 5%.
It’s not all been bad news for Netflix, however.
Reportedly, this mass exodus will not affect Netflix produced Disney content, such as their Marvel Defender’s series, or the upcoming Punisher series, which means we’ll still get Daredevil, Luke Cage, Iron Fist, and Jessica Jones series in the future, though it remains to be seen if Disney will allow any new Marvel series to be produced by and available via Netflix.
What do you think about this move by Disney? Are you excited to be able to have an exclusive all-Disney streaming service that will feature Disney, Pixar, Marvel and Star Wars content? Or would you prefer Netflix to have more Disney material on its platform? Let us know in the comments section below.