Disney Exits Netflix

Source: Star Tribune

In recent years the world of streaming services has been dominated by Netflix. But now that HBO, Starz, and many other networks have launched their own platforms, the competition for your viewership is as fierce as it as ever been.

As CNBC reports on August 8, 2017 Disney paid 15.8 billion dollars for a majority stake in streaming and marketing services company, BAMTech. They will break ties with Netflix and introduce an independent Disney streaming venture beginning in 2019. They hope to provide original content and access to their library of iconic films. As of now, the details of "what is coming off and when" are limited but Marvel movies could be pulled from Netflix by early 2018. Shows like Daredevil and Jessica Jones are rumored to be staying, for now. All other Disney and Pixar properties would be removed as well.

Disney will also bring ESPN to the streaming game. Ten thousand different sporting events ranging from MLB, NHL, MLS, and many more could be coming to your TV via an app instead of a cable box.

Disney CEO Bob Iger told CNBC "We felt that having control of a platform we've been very impressed with after buying 33% of it a year ago would give us control of our own destiny."

It was inevitable.


Adam Chmielewski


What do you think of this decision? Is this another service you'll purchase? Let Nerdbot know in the comments!!

#AdamChmielewski #NerdbotNews #StarWars #Movies #HollywoodReporter #DisneyJr #Disney #Netflix #CNBC #streaming #Marvel #billion #Pixar

Recent Posts