Disney Pulls Netflix – CWEB.com

Disney-logo.jpg

Disney Pulls Netflix – CWEB.com

Though Disney had been rumored to be considering starting its own streaming service for some time, it moved quickly on that plan in recent days after an earnings report showed a drop in revenue compared to this time in 2016. While last year saw Disney boast $7 billion in box office receipts, the 2017 theatrical slate has been considerably less lucrative, and the company has been plagued by a rash of cord-cutters from its cable channel offerings, where it earns the majority of its revenue.

Disney, on the other hand, has much of the best content being produced in the Hollywood system so they were either going to buy Netflix or build their own.
So what’s the future? We’re going to have to pay/subscribe to each of these point services (CBS All Access, DisneyStream, Netflix, Hulu, HBO etc).
In that world, the aggregation will happen at the Device/OS level. This is good news for Android TV and Apple TV.

 

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: