It finally happened. Because you knew Disney couldn’t share the goods for that long. This has to be one of the craziest moves in ? But now, Disney and Netflix part ways.
So the deal began in 2012, but it really didn’t take off until last year. However, by 2019, Netflix will lose all rights to show all Disney movies and TV shows. This includes all ABC shows, because Disney now owns ABC. Also, Disney announced it’s own streaming service, which should be ready by 2019. Yes, this includes all Star Wars movies, because Disney owns Star Wars now. If you’re an ESPN fan, this will affect you too, because Disney owns ESPN. Next year, Disney will create a streaming network for ESPN. So I guess that means no more ’30 for 30′ shows on Netflix.
Disney’s upcoming streaming service will use BAMTech, a digital media company Disney already owns shares in. ?But I almost forgot…today, Disney intends to own 75% of BAMTech. Talk about perfect timing. Disney is already the hardest company to stream movies from. For example, you have to purchase a movie, not rent it. And you know Disney’s streaming will be successful. Because they own Disney, ESPN, Star Wars, Marvel, ABC Productions, and…well, you get my drift. Now where does this leave Netflix?
It leaves them in quite a hole. That means Netflix are going to miss out on a lot of entertainment. However, Netflix executives assure the public that Disney and Netflix will work together. For example, they have an ongoing deal with Marvel. Forgive my cynicism, but I don’t see this happening. Look at Disney’s track record. A few years ago, when Disney’s first cartoon, Steamboat Willie, ?was about to go to public domain. But it never will. Because Disney moved Heaven and Earth to make sure that never happens. Disney is never going to lose any money, or share in any profits, if they can help. They don’t mind buying companies out, but they won’t dare share the spoils. Look at how many companies Disney owns. Disney and Netflix part ways. How will Neflix bounce back?