It looks like you can kiss Moana, Lilo & Stitch, and any other Disney movie you've been enjoying through Netflix goodbye.
CNBC reports that Disney announced during its latest earnings report on Tuesday it intends to remove its movies from Netflix. They've instead decided to take matters into their own hands with their very own streaming service. Disney plans to launch a branded direct-to-consumer streaming service in 2019 starting in the U.S. and expanding globally.
Disney, as well as Pixar movies, will be removed, according to Disney CEO Bob Iger. Netflix said Disney movies will be available through the end of 2018 on its platform. Marvel TV shows will remain on Netflix.
According to CNBC, Disney's new streaming service will be the home to all Disney movies going forward, beginning with the 2019 theatrical slate which includes Toy Story 4, Frozen 2, and the upcoming live-action The Lion King. It will also be making a "significant investment" in exclusive movies and television series for the new platform.
So basically if you're a Disney fan, and you want access to all things Disney, you may have to make that switch.
In addition, the Disney company will also launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, with content from the MLB, NHL, MLS, collegiate sports and tennis' Grand Slam events.
My thing is if Disney is going to make that switch, will they be including their TV shows as well? I think most of us would love to see some of our favorite kids shows all in one place. That's So Raven, The Proud Family, Kim Possible, Lizzie McGuire…you get the gist. Then again, who is really trying to pay for another streaming service? How much will it cost? That's the real question.
Since Disney made the announcement yesterday, Netflix stock dropped more than 5 percent.
Who knows what this move could mean for the streaming business.
What do y'all think? Was this a smart move on Disney's part? Would you make that switch? Let us know in the comments below.
