Disney pulling all of its movies from Netflix

Disney pulling all of its movies from Netflix”

According to Deadline, "The Disney-branded service will be 'the exclusive home in the US for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar.'" In addition to offering existing movies and television shows from the company's extensive library, the service will also produce "original movies, TV shows, short-form content and other Disney-branded exclusives".

Walt Disney Co shares fell $3.60 (-3.37%) in after-hours trading Tuesday.

To roll out its streaming services, The Walt Disney Co. will take majority control of BAMTech, a streaming arm of Major League Baseball spun off a year ago from Baseball Advanced Media, for $1.58 billion.

The entertainment giant also announced that it will end its distribution agreement with Netflix for subscription streaming of new releases, beginning with 2019.

More news: Viacom Inc. (VIAB) Shares Bought by Stoneridge Investment Partners LLC

Parks and Resorts revenues for the quarter jumped 12% to $4.9 billion, and segment operating income in that unit surged 18% to $1.168 billion.

Disney has made an agreement to acquire a majority stake in BAMTech, a streaming video service founded by Major League Baseball, with an intent to launch its own ESPN streaming service in 2018 and an overall Disney service in 2019. As well as its classic animated films, Disney's catalogue includes such hugely popular cinematic brands as Pixar, Star Wars, and Marvel. Or it's possible those licenses will expire and will depart sometime before or shortly after Disney's new streaming service launches. The multimedia conglomerate already owns 33% of the streaming service. The service will feature "approximately 10,000 live regional, national, and global games and events a year", including, Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports, Variety reports".

Disney says the service won't be spun out into a new app, but rather it will live inside the existing ESPN app, which is accessible on a number of devices like smartphones, game consoles, and streaming TV boxes. ESPN would be a mix of streaming and pay TV.

Variety reports that those services will "be available for purchase directly from Disney and ESPN, in app stores, and from authorized pay-TV partners". Disney said this deal marks an acceleration of that timetable.

Like this



10 August 2017
USA capital metro system sued for refusing "political" ads
Metro, but were later removed after complaints from customers. That brings us to our final client: Milo Worldwide LLC. You can read the press release in its entirety below.

10 August 2017
Goelzer Investment Management Inc. Boosts Position in Shire PLC (NASDAQ:SHPG)
Finally, ValuEngine lowered shares of Shire PLC from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. The institutional investor owned 22,086 shares of the biopharmaceutical company's stock at the end of the second quarter.

10 August 2017
Blue Sky Asset Management LLC Invests $932000 in Southwestern Energy Company (SWN)
The institutional investors in our partner's database now hold: 458.63 million shares, down from 474.16 million shares in 2016Q3. Over the last 5 years, Southwestern Energy Company has averaged a -40.50% YoY EPS growth rate and a -3.80% revenue growth rate.

10 August 2017
Actor Dilip Kumar discharged from the hospital!
It is also being said that the health of Dilip saab has improved. " Dilip Kumar's creatinine levels have come down considerably, and that is great news".

10 August 2017
Stephen Colbert Weighs In on the NY vs. Chicago Pizza Debate
Jeffress is one of President Trump's evangelical advisors who preached on his inauguration morning. The government, he said, has another set of rules laid out in Romans 13.

10 August 2017
Should Investors Take A Bite Out Of Apollo Global Management, LLC (APO)?
The (Simple Month Average) SMA20 is at 6.98 percent, its SMA50 Value is 8.88% and SMA200 value is reported as 27.03 Percent. Finally, Cowen Prime Services LLC raised its stake in shares of Apollo Global Management by 400.0% in the second quarter.

10 August 2017
Disney To Launch A Streaming Service In 2019 4 mins ago
Closure its conveyance Ascension remains a hit to Netflix , which is handing out some $6 billion on content in 2017. That sounds like a big deal, but the streaming leader has lost many movies and already aired shows in recent years.

10 August 2017
Athletics-Francis takes shock 400m gold as Miller-Uibo stumbles
Makwala, the top-ranked 200m runner this year, qualified safely after being medically cleared to re-run following a stomach virus. Mo Farah did not win his 5000m heat but did more than enough to secure his place in the final, scheduled for Saturday.

10 August 2017
Oil prices tug lower on doubts OPEC meeting will deliver
Traders will look to the weekly report on U.S. crude oil inventories by the American Petroleum Institute due later in the day. But with daily output back to 1 million barrels, other OPEC members are lobbying for Libya to bridle its production as well.

10 August 2017
Investors Shelter in Safe Haven Bonds Amid Korean War of Words
"The most visible impact of escalating verbal threats between North Korea and President Trump comes at the long end of the U.S. The dollar was down 1.2 percent at 0.9627 Swiss francs, while an ounce of gold was 1 percent higher at $1,275.