February 19, 2018

Netflix losing Disney sounds like an HBO sequel

10 August 2017, 03:39 | Erma Lawrence

Disney CEO Bob IgerVCG Getty Images Earlier on Tuesday Disney announced it's breaking up with Netflix

Bob Iger Disney CEO

The end of the deal between Disney and Netflix marks a short run for the streaming service, which said in 2016 that it would be the exclusive home for Disney movies, including content from Disney-owned companies like Marvel and Pixar. Disney is promising about '10,000 live regional, national, and worldwide games and events a year, ' with individual sports packages available as well, .

The media conglomerate said it will launch an ESPN-branded multi-sport video streaming service in early 2018, followed by a new Disney-branded direct-to-consumer streaming service in 2019, powered by BAMTech. Here are a few Billboard hopes to see on Disney's new Netflix-like service.

"For many sports fans, this app will become the premier digital destination for all their sports content", Disney said in its announcement.

"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".

The new service will be based on technology provided by video-streaming firm BAMTech, the company announced it would pay $1.58bn to buy an additional 42 per cent stake in the company which it took a minority stake in past year.

Disney movies that are now on Netflix will be available for streaming through the end of 2019. Now, Disney will pay $1.58 billion to acquire an additional 42 percent stake. The 2019 theatrical slate includes "Toy Story 4", a "Frozen" sequel and "The Lion King" live-action remake.

Disney's streaming service will be built off technology from BAMTech, the MLB-founded video streaming platform. It also will include collegiate sports and Grand Slam tennis coverage.

"We're very proud of the content distribution innovations driven by MLBAM and BAMTech over the past 15 years", Major League Baseball commissioner Rob Manfred commented. "Additionally, the service will feature a vast collection of library content, including Disney and Pixar movies and Disney Channel, Disney Junior and Disney XD television programming", the release reads. The acquisition still requires regulatory approval.

Disney is down 2.9% this year including the post-earnings drop.

Other News

Trending Now

Klopp: Liverpool must focus on Watford - not Hoffenheim
Liverpool were unbeaten against the top six last season and they'll be hoping to carry that on for a second campaign running. Q The Premier League has reached its 25th season.

Lemar latest, Sanchez to PSG talk, Perez to Newcastle
Wenger said: "It was not easy to convince Ospina to stay, but he will play games and fight with Petr Cech to start". Wenger said: "I think if you read the French papers they are on Mbappe's case to finish their transfer market".

Roma to make fourth bid for Leicester's Riyad Mahrez
And Roma sporting director Monchi has revealed the club are now looking at other options. Today, Arsenal are handed a boost in their pursuit of Riyad Mahrez ...

Former Syracuse Orange head coach Dick MacPherson dies at 86
When you went to see Dick at Syracuse, you had to bring in a couple dozen doughnuts or he wouldn't let you in. I'm 29-years-old, so I'm not going to act like I'm well-versed on the career and legacy of Coach Mac.

David Letterman makes his return on Netflix
Legendary late-night star David Letterman will make a television comeback for streaming giant Netflix , according to Variety . As Letterman described it, his Netflix series would not much resemble his past network late-night shows.

Prehistoric Crocodile Named After Motörhead's Lemmy Kilmister
The creature's new name is owed to Lorna Steel , a curator at the museum and, apparently, a dedicated Motörhead fan. In honor of Lemmy's latest tribute, here are five other musicians who've had new species/fossils named after them.

Let us reignite the spirit of 1942: PM
Commissioner & Secretary to Governor, Piyush Goyal, IAS, said the Quit India Movement was launched on August 1942, demanding an end to British Rule in India.

Syria: sources, 22 civilians killed in coalition raids Raqqa
Black smoke rises from Raqqa where US -forces are battling ISIS militants, in, northeast Syria, Thursday, July 27, 2017. Daesh has responded with a barrage of vehicle bombs, suicide bombers, weaponised drones and snipers.

Giant inflatable chicken appears behind White House
Brar hopes to lead a " chicken march" in protest against the President and his foreign policies. A large inflatable chick with golden orange hair has been spotted outside the White House.

Wife and father-in-law guilty of second-degree murder of Jason Corbett
Thomas Martens , 67, and Molly Corbett, 33, both claimed self-defence in the 2 August 2015 killing of Jason Corbett. Molly Martens Corbett, and her father Thomas Michael Corbett, are on trial for Irishman Jason Corbett's murder.