{"id":6337,"date":"2017-08-09T10:04:18","date_gmt":"2017-08-09T00:04:18","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=6337"},"modified":"2017-08-09T10:04:18","modified_gmt":"2017-08-09T00:04:18","slug":"disney-cuts-ties-with-netflix-as-it-preps-for-the-launch-of-its-own-streaming-service-in-2019","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/disney-cuts-ties-with-netflix-as-it-preps-for-the-launch-of-its-own-streaming-service-in-2019\/","title":{"rendered":"Disney cuts ties with Netflix as it preps for the launch of its own streaming service in 2019"},"content":{"rendered":"
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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.<\/p><\/blockquote>\n
The announcement came as part of some takeover news: Disney is paying $1.48 billion to acquire another 42 percent of BAMTech \u2014 a company that exists under the Major League Baseball umbrella \u2014 in addition to the 33 percent stake it bought for $1 billion last year. This gives Disney the majority controlling stake of BAMTech.<\/p><\/blockquote>\n
The writing’s been on the wall for a while with this one.<\/p>\n
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.<\/p>\n