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Disney to ditch Netflix in 2019 and launch its own streaming service

Though it will face initial pain, their content is expected to pull them through in the long run

Reuters 

Walt Disney Co's plan to plunge into a crowded streaming services market, dominated by pioneer Netflix Inc, could bring some initial pain, but the strength of the company's content is expected to help it pull through in the long run. Shares of the world's biggest entertainment company were down 6 per cent in premarket trading on Wednesday, a day after Disney said it would stop providing new movies to Netflix starting in 2019. "With best in class copyrights and brands, and with IP rights to a plethora of sports content, it seems management has decided to play ...

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First Published: Wed, August 09 2017. 20:14 IST
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