We are rapidly approaching peak streaming services, as now it seems Disney will remove all of their properties from Netflix and open their own streaming service.
According to the report over at The Verge, the Mouse purchased BAMTech, a streaming service that they will now put together with ESPN to create their own streaming empire:
Netflix won’t lose its Disney movies right away. Disney says it plans to cut Netflix off starting with the studio’s 2019 films, and Netflix says it’ll be able to keep all the Disney movies it gets through the end of that year. That means Netflix should get the next two Star Wars movies, but it’ll miss out on the new trilogy’s final installment. “We continue to do business with the Walt Disney Company on many fronts, including our ongoing deal with Marvel TV,” said a spokesperson for Netflix.
This is just another name on the ever-growing list of companies and brands making their own platforms. The streaming world is getting so fractured that if you put them all together they might very well be more costly than cable or satellite.
It’s also another bold stroke from Netflix, addition by subtraction perhaps. They are clearly aiming to have their content and that alone on their platform, and this is simply a step in that direction. This news comes on the heels of the company making their first purchase, comic-book publishing company Millarworld.
No news yet on the price of Disney’s new streaming service, so stay tuned.