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.