Disney launching streaming service, pulling content off Netflix
Disney launching streaming service, pulling content off Netflix
Katie Kramer | CNBC David Zaslav
10 August, 2017, 01:54
The Walt Disney Company also said that issues at ESPN influenced operating income for its cable business. Disney Chief Executive Robert Iger said Tuesday that Disney is still considering what to do with those properties, which could still land on Netflix or a similar service.
"The new Disney-branded service will become the exclusive home in the USA for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar", the company said.
Disney will draw on its owncontent from its film and television catalog for its consumer channel, and offer a sports service which could fill a gap by delivering live sporting events.
As part of the announcement, Disney also says they have purchased an additional 42 percent of BAMTech for $1.58 billion. The move is being seen as a potential major challenge to Netflix, whose shares fell 4% in after-hours trading on the back of the news, and to Amazon. It will use BAMTech's technology to launch direct-to-consumer streaming services for ESPN and Disney movies.
Bob Iger, Chairman and CEO, Walt Disney Company, said "Today we announced a strategic shift in the way we distribute our content".
Disney and Pixar titles will be removed from Netflix, with this new service serving as the home for all Disney movies going forward. This includes content from the MLB, MLS, NHL, tennis Grand Slams and collegiate sports. Disney is series about moving into consumer streaming and for that goal it has bought a majority ownership in BAMTech for $1.58 billion. Likewise, the company will be investing in a yearly slate of exclusive content for the service, including original movies, TV shows, and short-form media.
Disney has acquired control of BAMtech, a streaming specialist originally started by the U.S. baseball league, to support its sports venture.
My prayers are with the children, families, and faith leaders of the Dar Al Farooq Islamic Center today". He says investigators have recovered components of the device to figure how it was put together.
The allegations against Bolling are the latest sexual harassment claims against high-ranking employees of Fox News . If any Fox executives are reading this, please include make-up artists in your assessment of the environment.
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The measure cuts about $1 billion worth of North Korean exports, or about a third of the country's export revenue each year. Ambassador Liu Jieyi called for a halt to the deployment and for any equipment in place to be dismantled.
South Africa were 163/3‚ or still a long way from victory or even safety but significantly better off they had been at lunch. South Africa's bowlers had run in gamely for much of the day in a vain attempt at getting their team back in the match.
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The senator admitted in 2010 to misrepresenting his military service after saying he had been "in" Vietnam . The president took three tweets to criticize Blumenthal. "That investigation must be pursued".
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