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Aug 08, 2017

Disney to cut ties with Netflix and launch its own streaming service, as well as a platform for ESPN

Disney is going to go its own way when it comes to streaming, announcing Tuesday that it will be ending its distribution deal with Netflix. The company plans to launch its own branded streaming service in 2019 and will also debut an ESPN service early next year. The announcement came during Disney’s quarterly earnings report and was detailed in a news release from the media giant. The move is made possible by Disney’s acquisition of a majority stake in BAMTech, the streaming video arm founded by Major League Baseball. Disney acquired a 33-percent stake in BAMTech last year for $1… Read More

Apr 17, 2017

Netflix misses subscriber estimates, explains why it won’t ink live sports partnerships like Amazon’s NFL deal

Netflix missed slightly on subscriber estimates for its first quarter earnings report as the streaming giant saw shares initially dip but then rise more than 1 percent in after-hours trading on Monday. Netflix added another 3.53 million subscribers internationally last quarter, along with 1.42 million in the U.S. Analysts expected 3.71 million net additions internationally and an additional 1.56 million customers in the U.S. Netflix now has 98.75 million subscribers, up from 81.5 million last year. The company also posted $2.64 billion in revenue — which met estimates and is up 34 percent from last year — and diluted earnings per share of $0.40, which beat estimates and… Read More