Disney’s PR team picked a bad week to quit smoking. After the wonderful press that the entertainment behemoth (giant feels too small) got for their brief boycott of the LA Times, Disney seems to be doubling down on its megalomania. As reported by the Wall Street Journal and Slashfilm, Disney is making big moves to divest from current streaming services in favor of their own. This includes producing shows in the incredibly popular Netflix Cinematic Universe.
The move doesn’t just promise a halt on production for Netflix, it also threatens the removal of already released properties. While Disney has not confirmed that they will be moving the Marvel shows to their new service like they are their movies like Moana, it’s doubtful that they’d keep letting cash cows like Daredevil or Jessica Jones make money for anyone but them.
Disney’s desire to conquer Netflix was also a driving factor behind their interest in purchasing 20th Century Fox. While their quest to own everything you put in your eyes was temporarily thwarted by the thing they love most, money, there is still the possibility the deal may go through.
Even though the move from Netflix could cost Disney $300 million dollars or more a year in lost revenue, Disney Chief Strategy Officer Kevin Mayer, said that the move is part of a goal to ” turned [Disney’s] attention to the one platform seeing growth challenges.” Mayer also stated that the move was “not an anti-Netflix move, but a pro-Disney move.”
Netflix is on its own quest for supremacy, with plans to spend over $8 billion on original content in the next year. In some cases, two corporations fighting means a win for the consumer. But considering Disney’s all-devouring track record, the outcome may not be as zip-a-dee-doo-dah as they think.
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