Wednesday in CE: Disney Tells Netflix to Let It Go, Plans its Own Streaming Service
Can’t say we didn’t see this one coming.
Disney announced an official end-date for its partnership with Netflix as it looks to pursue its own streaming service. The move comes as Disney—which is the parent company of content providers including ESPN, ABC, Lucasfilm, Pixar, and others—has seen its TV subscriber base become depleted in the past few years.
The result of losing pay-TV subscribers has taken a very hard toll, specifically, on the company’s ESPN brand. Back in May, ESPN announced a massive round of layoffs as it looked to better position itself financially for the future. Additionally, ESPN has been taking certain steps to bring itself into the world of 21st century content consumption, announcing its own sports streaming service that will launch sometime in 2018.
That will be followed by a Disney-branded direct-to-consumer streaming service that will launch in 2019. And it’s all made possible as a result of Disney’s acquisition of BAMTech, a streaming media service, which was announced on Tuesday.
“The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech’s full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market,” Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company, said in a statement.
So, as Disney content falls off of Netflix by the end of 2018, expect to see new releases like Toy Story 4, the Frozen sequel, Disney’s live-action Lion King production, and more get released through the new streaming service.
Smart to Become the Standard
— Z-Wave Alliance (@ZWave_Alliance) August 8, 2017
A new report released by the Silestone Institute—a division of the Cosentino Group—takes a stab at defining what the future of the kitchen looks like. Simply put, it’s going to be smart.
The 2017 Global Kitchen report uses “global expertise in tandem with professional survey results” to predict how the future kitchen will function, what it will look like, and what kinds of technological advances it will include.
Smart home connectivity is expected to be a major part of the kitchen moving forward. It’ll eventually become standard, the report stated, as smart screens get integrated into different appliances and workspace areas, allowing users to look at recipes, make calls, and more.
More CE News
- Elon Musk has confirmed that his “Boring Company” will build an underground Hyperloop that runs between Washington, DC and New York City.
- The S. iPhone market share is up 4.7 percent compared to last year, but Android still controls an overwhelming majority (65 percent) of the market.
- Apple is now under investigation by the U.S. International Trade Commission in connection with claims made by Qualcomm that Apple is violating several mobile technology patents.