Today, we’ve got some major news form the entertainment industry. Disney announced it will end its movie distribution agreement with to Netflix and will begin offering two, independent live streaming services.
Even though Netflix has been expanding its variety of original content, most of its content is licensed from other studios, Disney included.
One of the two new services will focus on sports and the other on television programs and movies, which will become active in 2019.
What pushed Disney out of its comfort zone? Well, one of the main reason is younger viewers. More and more members of the new-generation are choosing Netflix and digital services over and Disney – a traditional media if ever there was one – understands it needs to change.
Other media companies have already made moves in challenging Netflix. HBO, Showtime, CBS and many others already manage their own streaming services. Amazon is also after a stronger hold of live television business. Yet Disney’s move is viewed as more aggressive since all the new shows will be exclusively available on the Disney streaming service.
Yesterday, Disney also released third-quarter earnings that were far from impressive. Could it compete with Netflix’s undeniable success and understanding of modern innovation?
Netflix shares are up over 43% from the beginning of the year. At iFOREX you have the opportunity to invest in over 420 CFD instruments – including Disney and Netflix shares – and access information, daily analysis and advanced trading tools.
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