As streaming services have become increasingly popular over last several years, more companies are looking for ways to get into the business and latest reports have revealed that Disney will launch its own streaming service in 2019 as the studio wants to continue its domination in the entertainment industry.
According to Disney’s CEO Bob Iger, the studio will launch its own streaming platform following its acquisition of BATtech. During a recent earnings report, Bob Iger said, “This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the Company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands.”
If the studio launches its own streaming service, it will surely deal a massive blow for other streaming giants such as Netflix as Disney is set to remove all of its titles from the streaming service. In addition to the streaming platform for entertainment, Disney is set to launch a sport centric streaming platform for ESPN early next year. However, as of now, there is no word on the pricing and other details and we will need to wait a while before we learn more about the upcoming streaming platform.
This news comes after in recent months rumors circulated that Disney is planning on acquiring Netflix although acquiring the platform would be highly expensive. However, given that Disney already has a lot of different high profile titles under its name, it will attract viewers more easily when the streaming service launches. We will have to wait and see how the upcoming streaming service affects Netflix in the long run.
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