Disney Parts Ways With Netflix; Plans Its Own Streaming Service
Disney announced on Tuesday that it will be ending its partnership with Netflix in 2019.
advertisement
Disney announced on Tuesday that it will be ending its partnership with Netflix in 2019. The company will be launching its own streaming service online and will be acquiring majority stake in BAMTech, another streaming service.
Dsiney’s ESPN network’s ratings have been falling because more people are consuming entertainment through streaming services.
According to a report in CNN, Disney is paying $1.58 billion for majority ownership of BAMTech.
Disney is slated to launch two streaming services; one ESPN-branded in 2018 and another Disney-branded one in 2019.
US viewers will be able to watch Disney’s live-action and animated films from Disney and Pixar only on those streaming services.
According to the report, “the ESPN-branded sports service will offer about 10,000 events a year, including live programming with regional, national and international games”.
(Source: CNN)
(We all love to express ourselves, but how often do we do it in our mother tongue? Here's your chance! This Independence Day, khul ke bol with BOL – Love your Bhasha. Sing, write, perform, spew poetry – whatever you like – in your mother tongue. Send us your BOL at bol@thequint.com or WhatsApp it to 9910181818.)
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)