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ENJOY DISNEY ON NETFLIX WHILE YOU STILL CAN

  • By Cynthia Jones
  • 09 Aug, 2017
Disney to End Netflix Deal

HERE IS THE BIG NEWS FROM VARIETY:

Disney is ending its distribution agreement with Netflix for new movie releases, while it’s also buying majority ownership of BAMTech — the streaming-video company founded by Major League Baseball — in a $1.58 billion deal.

The moves set a clear course for the media giant to launch Netflix-style direct-to-consumer internet services from ESPN and Disney. Disney said will end its distribution agreement with Netflix for subscription streaming of new movie releases, beginning with the 2019 theatrical slate.

“This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands,” Disney CEO Bob Iger said in a statement.

GO TO VARIETY FOR THE ENTIRE ARTICLE

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