Goodbye Netflix! Disney to Lauch Their Own Streaming Service

Disney has announced a plan to pull their content from Netflix and launch their own streaming service. This is likely a brutal hit for Netflix. I know many families have a Netflix subscription for the simple fact that it has a plethora of children’s shows and movies.

If Disney pulls out, could that result in many household’s switching to Disney’s streaming service?

The entertainment giant said during its earning report on Tuesday that it had purchased a majority stake in BAMtech, a company that develops streaming technology.

take our poll - story continues below

Should Brett Kavanaugh withdraw over sexual misconduct allegations?

  • Should Brett Kavanaugh withdraw over sexual misconduct allegations?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Godfather Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Trending: The ‘Science’ Behind Michelle Obama’s Hated School Lunch Rules Ends Up Being a Fraud

Disney plans to use the asset to launch a new streaming service in 2018 for programming from the sports network ESPN, which it has a majority stake in.

The company will end its distribution deal with Netflix in January 2019, and that year launch a separate platform for streaming content from Disney and other subsidiaries.

Disney’s CEO Bob Iger stated, “The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech’s full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market.”

In addition to Disney-brand content largely aimed at younger audiences, the company also owns a number of big-name entertainment studios such as Marvel, Pixar and ABC.

The heart of capitalism is beating on!

Keep reading

Next MN School Implements New 'Gender Inclusion Policy' Without Opt-Out Option


Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.