Disney is making a significant shift in the streaming landscape. In a recent earnings call, the entertainment giant revealed plans to withdraw its movies from Netflix, with the exit expected by the end of 2018. Instead, they are gearing up to unveil their own direct-to-consumer streaming service in 2019.
The sound you hear is likely parents groaning at the thought of yet another subscription service, which will undoubtedly become a new necessity for satisfying their children’s Disney cravings. As reported by CNBC, while beloved Pixar films will be leaving Netflix, Marvel TV shows will remain on the platform for the time being. The new Disney service will kick off in the U.S. before rolling out globally.
Subscribers can anticipate a treasure trove of Disney classics, including the latest hits like “Toy Story 4,” “Frozen 2,” and the much-anticipated live-action remake of “The Lion King.” Disney also announced plans to invest significantly in original films and series exclusive to the new service.
In addition, Disney plans to introduce an ESPN streaming service, set to launch next year, showcasing around 10,000 sporting events, from professional baseball and hockey to college sports and Grand Slam tennis tournaments.
The announcement of Disney’s departure from Netflix caused a 5 percent drop in Netflix’s stock, likely reflecting the anxiety of parents calculating how much they’ll have to spend on Blu-rays to keep their kids entertained. Just kidding… but sort of!
While the new Disney streaming service will surely be a hit among families, the convenience of having all that content in one place, along with our other favorite shows, will be missed. Nevertheless, we love both Netflix and Disney. If it comes down to budgeting for both, we’ll manage!
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In summary, Disney’s move to create its own streaming service marks a new era in how families access their favorite films. While it may mean additional costs for parents, it also promises a wealth of exclusive content that will appeal to young audiences.
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