Disney Announces Plans to Launch Its Own Streaming Service & Ditch Netflix Deal
If you're a Netflix addict with a steady stream of Disney flicks in your queue, you may not like the changes coming down the pipeline — Disney just announced it is planning to end its current distribution deal with Netflix in order to launch its own streaming service.
Of course, this means that in the near future, we could all have access to an entire treasure trove of Disney content at our fingertips. For die-hard Netflix aficionados, though, it obviously means there will be a little black hole in our streaming hearts where Disney faves like Moana and Lilo & Stitch used to be.
Now that we've ripped off the Band-Aid of bad news, here's the not-so-bad news for Netflix users: Disney doesn't plan to launch their streaming service until 2019, and therefore won't ditch its deal with the streaming giant until Disney's 2019 films start rolling out. A spokesperson for Netflix released a statement in response to the news, saying, "We continue to do business with the Walt Disney Company on many fronts, including our ongoing deal with Marvel TV."
Still, it's an unfortunate development for Netflix, who only just struck its streaming deal with Disney in 2012 — which only really took off last year.
Curious yet about what Disney's streaming service might entail? Well, according to the company's statement, it will be the "exclusive home in the US for subscription-video-on-demand viewing," with "original movies, TV shows [and] short-form content" being added to the service.
"This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands," elaborated Disney CEO Bob Iger in a statement following the announcement.
Up first on the streaming agenda will be Toy Story 4 and the highly anticipated sequel to Frozen — at which point it will be time for Netflix to, ahem, let it go.