Disney Is Just the First of Many to Abandon Netflix
Last month, Disney (NYSE: DIS) announced its intention to take its films off Netflix (NASDAQ: NFLX) in 2019 and start its own streaming service. I wrote that Disney could be just the first of many media companies with differentiated content to pull their deals with Netflix and offer their own streaming packages.
Indeed, we're already seeing it happen. 21st Century Fox's (NASDAQ: FOXA) FX now offers commercial-free streaming of its current seasons of originals and many series from its back catalog. AMC Networks (NASDAQ: AMCX) offers a similar service. The only catch is customers have to be cable subscribers in order to subscribe to either streaming service. Both started with Comcast (NASDAQ: CMCSA), and FX recently struck a deal with Cox for distribution as well.
Image source: Netflix.
Source: Fool.com
Walt Disney Co. Stock
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