Disney plans to launch a branded direct-to-consumer streaming service in 2019 starting in the USA and expanding globally.
"US Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018", the company said in a statement.
Disney said it would pay US$1.58bil (RM6.78bil) to acquire an additional 42% stake in BAMTech to bring its ownership to 75%.
Disney, which also owns the ABC television network, said its consumer channel would include its Disney and Pixar movies and content from the Disney Channel, Disney Junior and Disney XD. Those are set to include "Toy Story 4", the sequel to "Frozen", and "The Lion King" from Disney's live-action division.
Disney will also make original movies and shows for the service, which isn't named yet.
Nintendo World Championships Kick-Off Next Week
In addition, the qualifier locations will also be holding demos for Super Mario Odyssey and Metroid: Samus Returns . Those with the best time over the two-day event in each location's age groups will advance to the NWC in NY .
Disney today declared that it has consented to buy greater part responsibility for Advanced Media's turn off media organization, BAMTech, with plans to dispatch an ESPN video spilling administration one year from now - and its own particular Disney gushing stage in 2019.
This mirrors what the likes of Netflix and Amazon have done in recent times, but Disney said it was pulling the plug on an existing distribution deal with Netflix when its new service launches.
Subscribers will access the new service through an enhanced version of the current ESPN app, which millions of fans already use for sports news and programming. It's also unclear how Disney's plans will affect Netflix's original Marvel series, but spokespeople from the streaming company say it has an ongoing deal with Marvel TV. Walt Disney intent adding services such as ESPN, to feature about 10,000 sporting events annually.
The BAMTech transaction is subject to regulatory approval, and upon closing, Mr. Iger will serve as Chairman of the BAMTech Board. "Yet, we've merely scratched the surface of what can be accomplished in a future where we combine Disney and ESPN's world-class [intellectual property] and our proprietary direct-to-consumer ecosystem".
This streaming service will initially only be available in the U.S. but chief executive Bob Iger told analysts that the future will see it become a global service. They've instead chose to take matters into their own hands with their very own streaming service.
Comments