Disney (DIS) Tops Q3 EPS by 3c, to Launch ESPN and Disney Direct Streaming Services
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Disney to pull movies from Netflix, plans own streaming service
August 8, 2017 4:15 PM EDTBy Lisa Richwine and Aishwarya Venugopal
(Reuters) - Walt Disney Co (NYSE: DIS) will stop providing new movies to Netflix Inc (NASDAQ: NFLX) starting in 2019 and launch its own streaming service as the world's biggest entertainment company tries to capture digital viewers who are dumping traditional television.
Disney's defection, announced on Tuesday alongside quarterly results showing continued pressure on sports network ESPN, is a calculated gamble that the company can generate more profit in the long run from its own subscription service rather than renting out... More
Disney (DIS) to End Agreement with Netflix (NFLX)
August 8, 2017 4:11 PM EDTDisney (NYSE: DIS) said it was acquiring majority ownership in BAMTech and ending its agreement with Netflix, Inc. (NASDAQ: NFLX).
From... More
Disney (DIS) to Acquire Additional 42% Ownership of BAMTech for $1.58B; Ends Agreement with Netflix (NFLX)
August 8, 2017 4:06 PM EDTThe Walt Disney Company (NYSE: DIS) today announced that it has agreed to acquire majority ownership of BAMTech, LLC and will launch its ESPN-branded multi-sport video streaming service in early 2018, followed by a new Disney-branded direct-to-consumer streaming service in 2019.
Under terms of the transaction, Disney will pay $1.58 billion to acquire an additional 42% stake in BAMTecha global leader in direct-to-consumer streaming technology and marketing services, data analytics, and commerce managementfrom MLBAM, the interactive media and Internet company of Major League Baseball. Disney previously acquired a 33% stake in BAMTech under an agreement that... More
