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Disney pulls out of Netflix, plans its own service

Disney is pulling its content from Netflix, which will include Star Wars, Marvel movies, and so much more
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Aug 9, 2017 5:39 am

Disney has announced it will be ending its distribution deal with Netflix, with plans to launch their own streaming service sometime in 2019. This is a tectonic shift for the company, as they own Marvel, Pixar, Lucasfilm, and everything in between.

 

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Netflix secured the Disney deal back in 2012 before the streaming giant was the size it is today, but Disney is making a move for the future as it turns into a streaming content provider. This means that Netflix will be losing Disney content, something that will include Marvel content - think Avengers, and MCU movies. It also means Pixar movies (Toy Story, Finding Dory), and even the entire Star Wars universe.

 

Disney plans to cut Netflix off with their 2019 movies, but have said that Netflix will be able to keep Disney movies through to the end of that year. This means that Netflix will have their hands-on the next two Star Wars movie, but will miss out on the final movie in the end. A spokesperson for Netflix has said: "We continue to do business with the Walt Disney Company on many fronts, including our ongoing deal with Marvel TV".

 

Disney CEO Bob Iger said in a statement: "This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands".

 

The upcoming Disney-branded streaming service will be the "exclusive home in the US for subscription-video-on-demand viewing" and will begin with massive movies like Toy Story 4 and the upcoming sequel to Frozen. There will also be "original movies, TV shows, [and] short-form content" on Disney's new digital streaming service.

NEWS SOURCES:Theverge.com, Cdn4.twinfinite.net

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