Αρχική iptv-news Disney expects to take a $150 million hit as it cuts ties...

Disney expects to take a $150 million hit as it cuts ties with Netflix

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Disney expects to lose $150 million from terminating licensing deals with Netflix this year.

Disney is ending its agreement with Netflix in order to start its own D2C streaming service Disney+, filled with the company’s library of movies and original programmes. The platform will feature content from Star Wars, Marvel and Disney’s classic films as well as titles from its pending $71.3 billion acquisition of Twenty-First Century Fox.

According to CEO Bob Iger during g a recent investors c all, the D2C platforms from the company “remains our number one priority.”

Apart from the planned Disney+ service, Disney also operates ESPN+ sports service and is a shareholder in Hulu.

At the start, Disney+ will stream more than 5,000 hours of Disney-owned original films and TV shows, roughly 7,000 episodes of television and 500 movies, including a substantial backlog of Disney theatrical animated feature films, including many of the classics, along with live-action films and Pixar movies.

After the Fox acquisition closes, Disney will also own 60% of the D2C service Hulu. Disney plans to acquire the remaining 40% from Comcast and Warnermedia. The platform will also be rolled out internationally.



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