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Here's what to make of the Disney-Netflix breakup (DIS, NFLX)
Disney has plans to launch two new standalone streaming video services over the next two years
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Disney has plans to launch two new standalone streaming video services over the next two years. The first, an ESPN-branded service with sports programming, is set to launch in early 2018. The second, scheduled to debut the following year, will be the exclusive home of movies and TV shows produced by Disney and Pixar.
As part of the announcement, Disney also upped its stake in direct-to-consumer streaming technology company BAMTech from 33% to 75%, an indication that the company is accelerating its focus on building its own platforms to house content. Disney will end its distribution agreement with Netflix for streaming of new releases in 2019.
Disney’s announcements hold significance for the following reasons:
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- 88 million
- 100 million
- roughly 4 million subscribers
- Fluent
- significant layoffs
- sports streaming service
- world’s most powerful brand
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