Disney cuts ties with Netflix as it preps for the launch of its own streaming service in 2019

Disney has just announced plans to end its distribution agreement with Netflix in 2019, instead opting to launch its own streaming service sometime during that same year.

The announcement came as part of some takeover news: Disney is paying $1.48 billion to acquire another 42 percent of BAMTech — a company that exists under the Major League Baseball umbrella — in addition to the 33 percent stake it bought for $1 billion last year. This gives Disney the majority controlling stake of BAMTech.

The writing’s been on the wall for a while with this one.

BAMTech, which Disney has bought into and will (after regulatory approval) now own 75% of, streams every major sport on the planet. They’re a behemoth of the streaming world and will now turn their hand at streaming one of the world’s largest studios’ content.

Interestingly, as noted on Recode, Bob Iger (Disney CEO) has since commented that the new service will definitely encompass both upcoming and back-catalogue Disney & Pixar films but may not include sub-studio content from the likes of Marvel & the Star Wars franchise stating:

We’ve also thought about including Marvel and Star Wars as part of the Disney branded service, but there we want to be mindful of the Star Wars fan and the Marvel fan and to what extent those fans are either overlapped with Disney fans or they’re completely basically separate incremental to Disney fans. So it’s all in discussion

Source: Disney is ditching Netflix in 2019 to launch its own streaming service | TechCrunch

Reckoner had its humble beginnings way back in June of 2013.

Founded by James Croft, along with Peter Wells and Anthony Agius they created what would go on to become one of Australia’s most highly regarded and award winning independent tech blogs.

With its uniquely Australian voice Reckoner is committed to offering a “no-holds-barred” approach to its writing. Beholden to no one but its audience. Reckoner’s goal is to remain completely transparent and honour the trust it’s built with its faithful readership.

Support Reckoner!
Thanks for stopping by. It looks like you're really enjoying the content so why not help a brother out and pitch in for a coffee.

Your support makes all the difference!