Disney will stop offering new videos to Netflix to set up its own streaming medi


Walt Disney (DIS.N), the world's largest entertainment company, will stop offering new movies to Netflix (NFLX.O) and launch its own streaming media service since 2019. The company tried to catch the digital program audience who abandoned traditional television.

Disney's announcement on Tuesday with quarterly earnings is a careful consideration of the risk-taking action, believing that long-term gains from its own program subscriptions are higher than the profits of renting videos from Netflix and other service companies.

In turn, Netflix and Amazon.com (AMZN.O) and Time Warner (TWX.N) HBO and other rivals took billions of dollars to buy and produce their own content, directly Provided to the consumer.

Investors worry that Disney's entry into the crowded "saturated" subscription market and the cost of technology to support its own streaming media services will affect profitability.

Disney shares fell 4% after US stocks traded. Netflix fell 2.89%.

Netflix desalinated the Disney statement, saying it will continue to trade with Disney in the world, including the relationship with Disney's Marvel TV.

 


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