In an announcement made on Tuesday, Disney officially called off its partnership with Netflix in 2019. Disney will thereafter launch its own online streaming services along with acquiring a major stake in another reputed streaming service, BAMTech.
Disney is said to be paying $1.58 billion for holding majority ownership in BAMTech.
The move comes in the light of Disney ESPN’s falling network ratings as more and more people are using the streaming services for entertainment.
Disney is scheduling to launch two streaming services; one ESPN-branded in 2018 and another Disney-branded one in 2019.
All of Disney and Pixar’s live-action and animated films will only be streamed on those streaming services.
According to the report, “the ESPN-branded sports service will offer about 10,000 events a year, including live programming with regional, national and international games”.
Information source: quint