Disney Ends Netflix Deal to Launch Own Streaming Service

According to The Verge, Disney announced that they will end their distribution deal with Netflix to launch their own streaming service in 2019.

In 2012, Disney and Netflix began a streaming deal which only came in to effect last year. However, it seems to make sense that Disney would venture out on their own. Most Disney movies require users to purchase rather than rent.

The Verge reports that the transition will happen gradually. The cut off will happen in 2019, but Netflix will keep all Disney movies until the end of that year. With that date in mind, Netflix should be able to stream the next two Star Wars movies before losing Disney.

According to The Verge, Disney’s service will be built off of BAMTech technology, of which Disney is already an investor. Disney CEO Bob Iger said in a statement:

“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,”

Toy Story 4 and the sequel to Frozen are among the first films to be released with the streaming service.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

6 of the Best Ways to Spend Your Summer in Tampa BayTampa Bay is calling your name! Our beautiful area offers so much and this list is just a small segment of what Tampa Bay has in store for you this summer. Here are the best ways to spend your summer here in Tampa Bay.
Best Party Beaches Around Tampa BayIt's illegal to drink alcohol on most of Tampa Bay's beaches - unless you know about these next six locations.
CBS Tampa’s Social Media LinksFollow us!

Listen Live