Disney's current deal with Netflix expires in 2019 and covers titles scheduled for release through the end of next year, which means the popular streaming site will eventually show the likes of Avengers: Infinity War and the young Han Solo movie. Disney is promising about '10,000 live regional, national, and worldwide games and events a year, ' with individual sports packages available as well, .
Disney's announcement that it will stop selling movies to Netflix and launch its own streaming service may have concerned investors - but viewers don't have to rush to binge their favorite movies just yet.
The new ESPN service will air some 10,000 events a year, including Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports. For many sports fans, this app will become the premier digital destination for all their sports content.
"US Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018".
Disney will pay US$1.58 billion to up its stake in video streaming technology firm BAMTech, is it prepares to make a major push into the SVOD market and cut ties with Netflix. The Disney-branded film and TV offering would include original content developed by Walt Disney Studios.
Disney also announced it will launch its own streaming services, and plans to acquire a majority stake in BAMTech, a major streaming and marketing service.
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Revenues at the company behind 20th Century Fox, FX, and Fox News increased 2% to $6.75 billion. In the year-ago quarter, " Deadpool " hit store shelves, making comparisons hard .
"By ending the Netflix movie deal, Disney will keep movies such as Toy Story 4 and Frozen 2 for its own offering".
BAMTech CEO Michael Paull - a former senior video exec at Amazon who joined earlier this year - will report to Kevin Mayer, Disney's senior executive VP and chief strategy officer.
Netflix said it would continue to do business with Disney globally, including keeping its exclusive shows from Marvel television. Bob called to this step "A strategic shift in the way we distribute a content". Additionally, the service will feature a collection of library content, including Disney and Pixar movies, as well as Disney Channel, Disney Junior and Disney XD TV programming.
"Plans are for the Disney and ESPN streaming services to be available for purchase directly from Disney and ESPN, in app stores, and from authorized MVPDs".
The BAMTech transaction is subject to regulatory approval, and upon closing, Mr. Iger will serve as Chairman of the BAMTech Board. "Yet, we've merely scratched the surface of what can be accomplished in a future where we combine Disney and ESPN's world-class IP and our proprietary direct-to-consumer ecosystem".
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