Published: Fri, August 11, 2017
Money | By Armando Alvarado

Disney To Remove All Content Off Netflix!

Disney To Remove All Content Off Netflix!

Similarly, the company that owns ESPN is also going to launch a video streaming service early next year as well. "Getting the balance wrong could upset cable companies and weigh on the price they pay Disney for ESPN".

Disney's successful partnership with Netflix has led to a number of shows based on Marvel comics characters. Instead of paying over a hundred bucks a month for hundreds of channels you never watch, people would pony up a few dollars for streaming services.

Its Amazon Channels service has pre-empted the carving up of content, offering a place where you can stream dedicated channels from the likes of HBOGo, MGM, cult United Kingdom distributor Arrow Video and the Discovery Channel.

Disney chairman and chief executive Robert A. Iger said that the company would also be investing heavily in original content and would be looking to roll-out the service globally in certain markets.

Disney is one of the most recognized names on Netflix, but it is not the first company to defect.

Disney is saying "Bibbidi-Bobbidi-Bye" to Netflix, but Hakuna Matata because it's coming out with its own streaming service. They won't be just streaming their TV shows and movies but also sports. He left the door open to continuing to license them to a partner like Netflix, but not necessarily Netflix, or for the company to start streaming services specifically for those properties.

Disney CEO Bob Iger announced the plans on Tuesday alongside quarterly results showing further subscription losses as it struggles to keep hold of viewers defecting to online streaming services offered by Netflix, Time Warner Inc's HBO and others.

Resignations, calls for firing after New Orleans flooding
Still, Landrieu and his deputies advised residents to "remain indoors during heavy rainfall" in the coming days. The reduced capacity puts the city in imminent threat of flooding on a scale not seen in 12 years.

Some Twitter users expressed frustration with losing access to their favorite Disney movies on Netflix.

Disney said its new services would be based on technology provided by video-streaming firm BAMTech, and announced it would pay US$1.58 billion to buy an additional 42 percent stake in that company, which it took a minority stake in a year ago.

Disney shares were off 4.9 percent at $101.78 in late-morning trades Wednesday.

Disney and Netflix, as you may recall, struck a multiyear deal several years ago under which Marvel would develop four original live-action series for Netflix, "Daredevil", "Jessica Jones", "Iron Fist", and "Luke Cage", plus "The Defenders".

Netflix had and lost Disney content before, in 2011, which it was receiving it via a deal with Starz.

"The more content that consumers can obtain without a multichannel video subscription, not to mention more and more content without advertising, the less interest they will have in subscribing to the big multichannel video bundle", he wrote.

Like this: