Disney's new streaming service shouldn't scare Netflix

11 November, 2017, 01:55 | Author: Kristine Mills
  • Disney CEO Bob Iger reveals Star Wars, High School Musical, and Monsters, Inc. will all get series on new streaming service

Having also chose to pull Marvel and Lucasfilm movies off Netflix, the moves signal that Disney is not afraid to draw upon its vast well of intellectual property to lure in new subscribers.

Disney CEO Bob Iger made the announcement on the company's fourth quarter earnings call.

It's also working on a new "Star Wars" film trilogy.

News that Twentieth Century Fox was potentially looking at selling most of their entertainment division to Disney shocked the internet earlier this week, as this would open the door for a cinematic crossover between Marvel's biggest brands - the Avengers, Spider-Man, the X-Men, and the Fantastic Four.

If the traditional cable bundle were where Iger thought Disney could derive the most value for its content, it wouldn't be breaking out its content into separate offerings, a la its forthcoming ESPN bundle next year.

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Netflix should be anxious here, as another streaming service means they're not only going to lose all Disney-owned titles, they'll also be battling another platform for new content.

The company is developing family-friendly streaming services that will sell directly to consumers. Iger did take a few minutes to speak out pricing and content on the network, which is expected to launch in 2019.

A new report claims that Disney's possible acquisition of 20th Century Fox isn't off the table yet.

While Iger declined to comment on the speculation on Thursday, analysts said a deal could help Disney expand its content library as it prepares to launch the streaming service.

Netflix's stock, which has climbed 52 percent this year, was down 2 percent on Thursday morning.

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