The only thing surprising about Disney's decision to launch its own service is that the company didn't do so earlier. Disney, meanwhile, apparently acknowledged a changed world by announcing that it would end its streaming deal with Netflix (NFLX) and launch a streaming service of its own.in 2019.
Disney is saying "Bibbidi-Bobbidi-Bye" to Netflix, but Hakuna Matata because it's coming out with its own streaming service.
But Disney's earnings last night finally made my trade a winner-and confirmed a number of points I raised.
"By ending the Netflix movie deal, Disney will keep movies such as Toy Story 4 and Frozen 2 for its own offering".
Disney's move into streaming may be obvious but this shouldn't detract from how much of a shift it could be for the industry. Content on the new platform will come from the MLB, NHL, MLS, collegiate sports, and tennis' Grand Slam events, and will including roughly 10,000 sporting events annually. Noticeably missing from the lineup in the forthcoming ESPN OTT service are National Football League games.
Nawaz Sharif's caravan resumes journey for Lahore from Rawalpindi
Pakistan's ousted prime minister Nawaz Sharif. "I served the masses and me and my party would carry forward this legacy", he said. Sharif's convoy includes senior party leaders Amir Muqam, Abid Sher Ali, Hanif Abbasi, Marvi Memon and Zaeem Qadri.
However, not all fans are happy with the announcement.
Disney said it will also make a "significant investment" in an annual slate of original movies, TV shows, short-form content and other Disney-branded exclusives for the service. Enter BAMTech. Last year Disney pumped $1 billion into the company that now powers its ESPN streaming app.
"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.
The BAMTech transaction is subject to regulatory approval.
Iger added that one of the "beauties" of the Disney brand is that it has global recognition and a fan base that is worldwide. The new streaming services are a way to connect directly with consumers and take advantage of new viewing habits.
"This is an exciting validation of our team, its achievements and the customer-centric platform it's built", Paull said in a statement. It was a nice fantasy, but it completely ignored one critical fact: Neither cable companies nor entertainment titans were going to swap billions of dollars in revenue from cable subscriptions for pennies on the dollar from streaming services. Through a partnership with Discovery Networks, BAMTech Europe will provide technology services on the continent, including Eurosport's digital products.