LICENSING NEWS

Disney to pull its movies from Netflix

Published on: 9th August 2017

The company has announced it intends to start its own streaming services.

In an announcement made during Disney’s latest earnings report, the company has unveiled plans to launch a branded direct-to-consumer streaming service in 2019, starting in the US and expanding globally.

CEO Bob Iger told CNBC’s Julia Boorstin Disney had a “good relationship” with Netflix, but decided to exercise an option to move its content off the platform. Movies to be removed include Disney as well as Pixar’s titles, according to Bob. Netflix said Disney movies will be available through the end of 2018 on its platform. Marvel TV shows will remain. Netflix stock dropped more than 5% upon announcement of the news.

The new platform will be the home for all Disney movies going forward, starting 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.

To power the service, Disney is buying a majority ownership of BAM Tech for $1.58b. Disney bought a 33% stake in the company, which was spun off from digital media company MLB Advanced Media, in August 2016.

RECENT ARTICLES

Breaking News: PlayMonster set to expand global presence with rebranding of Interplay UK

TRA’s Toy of the Year Awards winners announced

Wow! Stuff flashes to the beat with new Chibies

VTech to launch green ELPs as part of ongoing sustainability commitment

Missing Toy Fair? Toy World’s January issue has the industry covered

Fears grow of major price rises due to increased shipping costs

Exclusive: Standing up to Amazon – a successful trading terms strategy

Inventor Adam Borton seeks students for Toy and Game School

BTHA celebrates 2020 toy trade Superhero Awards

The Lego Group launches Lego Bygge Hygge