Disney launching streaming service, pulling content off Netflix
Disney launching streaming service, pulling content off Netflix
Judy Hopps and Nick Wilde pose at the premiere of"Zootopia at El Capitan theatre in Hollywood
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.
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.
Meanwhile, investors will continue to closely track the second-quarter earnings season to see if pricey valuations are justified. Warren Buffett's Berkshire Hathaway was down 1.11 percent after the company reported a drop in second-quarter profit.
He remembers bursting with pride after listening on the radio as Cuthbert claimed victory in the first Olympic women's 400m. In 2000 Cuthbert was one of the torch bearers at the opening ceremony of the Olympic Games in Sydney.
The veteran BJP politician blamed the CPI (M) for the political attacks in the state on the RSS-BJP members. The commission also directed the state government to take necessary steps to stop incidents of lynching.
Hotels are offering incentives for guests to book directly and to earn points through co-branded credit cards. Marriott's focus with the joint venture is mostly outbound Chinese travellers, Linnartz said.
Tuesday will be partly sunny in the morning, then become mostly cloudy with a chance of showers and thunderstorms. The unsettled weather continues into Friday with a chance for showers and temperatures in the low 80s.
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.
Look, that's what I read in the papers and on my side I have had no contact at all with Paris Saint-Germain". Players like Mesut Ozil, Aaron Ramsey and Per Mertesacker are also uncertain for the Leicester clash.
Following Arsenal's victory, Wenger was quick to praise his new signing, paying attention to the strength of the full-back. Arsenal have tapped the free agent market this summer and, like Liverpool, took a former Schalke player.
IDF strikes Hamas targets following Gaza rocket attack
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Trump Goes on Vacation
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Over 11.44 Lakh PANs deactivated: Junior Finance Minister
You will be asked to enter the same mobile number on this page, which you entered on your form while applying for your PAN card. If you fail to link your Aadhaar card with your PAN card, then your PAN card might be declared invalid by December 2017.
Prosecutors Seek 12-Year Sentence for Samsung Chief
The merger would have eased Lee's path to take over control of the entire conglomerate from his ailing father. The group has rejected investor demands to restructure into a holding company and an operating company.
India beat SL by innings and 53 runs; clinch Test series
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Former Bear Jay Cutler will play football again
With the Bears last season, Cutler played in just five games, as he totaled four touchdown passes and five interceptions. Cutler, however, is unlikely to save the Dolphins season or make them a favorite by any stretch of the imagination.
Vladimir Putin gets away from it all in Siberia
The 64-year-old is renowned for his strong-man publicity stunts, which have contributed to his sky-high popularity ratings. As per the report, although he has yet to announce his candidacy, Putin is widely expected to run and to win comfortably.
12 killed in Nigeria church attack
Unknown number of gunmen open fire inside a church in Nigeria's south, killing at least 12 and wounding several others . An eyewitness, who simply identified herself as a choir member, said that the church was dark as there was no light.
England vs South Africa 2017, fourth Test match, Day 3
Bounce became increasingly unpredictable as the third day wore on, with many deliveries skidding through at shin height. Morne Morkel bowled a marathon eight over spell from the James Anderson End, removing Alastair Cook and Tom Westley.