In a sudden turn of a events, Disney has announced today during a earnings report that it will remove its films from Netflix.
Disney plans to launch a branded direct-to-consumer streaming service that will start in the US, leading up to a global expansion in 2019. CEO Bob Iger told CNBC reporter Julia Boorstin that Disney had a “good relationship” with Netflix, but decided to exercise an option to move its content off the platform. Disney is also buying a majority ownership of BAM Tech for $1.58 billion to help build their streaming platforms.
The announcement of the removal of current Disney films (including Marvel Studios) from Netflix has caused a drop of 5% on Netflix’s stock. What are your thoughts on this? Are you surprised due to the deal Disney signed not so long ago with Netflix? Let us know in the comments!
Source: CNBC
ordinarylifegirl357
August 8, 2017 at 9:19 pm
Reblogged this on ordinarylife357 and commented:
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D Crosby
August 8, 2017 at 11:39 pm
I was really liking watching Disney and Marvel content on Netflix. Expecally the non main-stream movies like the tickerbell series. I hate their relationship is ending