Disney empire strikes back, sort of, with new streaming plan

Disney is to pull all of its movies from Netflix and start its own streaming service in 2019 it has been revealed

According to the Verge the move is a real blow to Netflix, which secured a valuable streaming deal with Disney back in 2012.

However, it will mean little for Irish subscribers, welcome clarity for fans of the platform's Marvel tie-ins, which have seen Netflix invest millions in producing their own exclusive shows such as Daredevil and the forthcoming Marvel Defenders.

"Of all the content providers, Disney is in the best position".

Greenfield said Disney could have built its own direct-to-consumer system but is now playing a costly catch-up game that is likely to be "painful" for revenues. It is at the mercy of future deals but not that announced by Disney in the U.S. this week. It's unclear how quickly Disney will expand into worldwide markets and until then Netflix will be able to focus on that subscriber growth, but this will certainly cut a big piece out of Netflix's pie and poses a formidable threat to the company's future earnings.

Disney also said that it is planning its own Netflix-style service that will debut in 2019. These are the preserver of separate, future contractual arrangements.

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This monitoring has been ramped up ahead of the 19th National Congress of the Communist Party of China happening later this year. Shares of Tencent, of which SA's Naspers owns about one-third, fell 4% as of midday in Hong Kong.

But this could all quickly become very expensive, especially is Disney isn't the only content studio to set up its own streaming service.

In the meantime, it is "business as usual" for Netflix viewers in Ireland, a spokeswoman said.

But to understand Iger's moves, it's important to break apart the Moana part of the company's business - its family films - from the Monday Night Football part.

Disney said it will end its first-run movie output deal with Netflix starting in 2019, meaning most of its films will no longer feature on other streaming platforms. The move could also be seen as a way to maximise revenues on its future portfolio of Star Wars movies and spin-offs. The shares mostly recovered and closed down 1.5 percent Wednesday in NY at $175.78.

While Netflix has been developing its own content, Disney has been working out how it will reach consumers without having to go through gatekeepers like Netflix. Before this, Disney already had a 33 percent stake after paying $1 billion in August of 2016.

Union Pacific Corporation (UNP) - Lookout Watch List stock
FRIERSON DANIEL K had sold 10,276 shares worth $241,486 on Monday, February 13. 58 funds opened positions while 117 raised stakes. On October 24 analysts at Seaport Global issued its first research report on the stock by announcing an initial rating of "Buy".

Tuesday's announcement coincided with Disney's boosting its stake in the streaming technology group BAMTech LLC.

Sky already has a multi-year deal with Disney for its major film releases like Frozen, which does not appear on Netflix.

While everybody vies for a piece of growing streaming revenues, Disney's entry into a crowded subscription market, and the cost of technology to support it, could weigh on earnings.

Disney's stock fell almost 3% in extended trading after the earnings release.

To roll out its streaming services, The Walt Disney Co. will take majority control of BAMTech, a streaming arm of Major League Baseball spun off past year from Baseball Advanced Media, for $1.58 billion.

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