Netflix is king when it comes to online streaming for movies and TV, but it looks like Disney wants to steal the crown. The company announced on Tuesday that they’re planning on removing their titles from Netflix. This includes titles put out by Pixar.
Why are they doing this? Well, they’re starting their own streaming site. They plan to launch a branded direct-to-consumer streaming service in 2019. It will start in the U.S., and then gradually expand globally.
Disney CEO Bob Iger insists he had a great relationship with Netflix, so there is no bad blood between them. It looks like Disney just wants to make more money. The Disney movies that are on Netflix right now will stay there until the end of 2018. After that, they will all be removed.
“The new platform will be the home for all Disney movies going forward, starting with the 2019 theatrical slate which includes ‘Toy Story 4,’ ‘Frozen 2,’ and the upcoming live-action ‘The Lion King.’ It will also be making a significant investment in exclusive movies and television series for the new platform.”
It’s a risky move, that’s for sure. Companies have tried to compete with Netflix before, and none of them have really touched the streaming giant.
But I guess if anyone can do it, it’s Disney. In addition to the Disney movies getting their own streaming site, the company will also launch its own ESPN video streaming service starting in 2018. It will feature over 10,000 sporting events each year.[mashshare]