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Disney’s New Streaming Service Onboards Hollywood Heavyweights To Rival Netflix
By Kylie Woon, 13 Oct 2017
The Walt Disney Company has just roped in some of Hollywood’s most prominent studios to join its new Movies Anywhere film service.
In an announcement, the company revealed that Sony Pictures Entertainment, Twentieth Century Fox, Universal Pictures and Warner Bros. Entertainment are now on board with the service. They join Disney’s own Pixar, Marvel, and Lucasfilms studios.
Movies Anywhere, which is poised to rival streaming services such as Netflix, will provide a centralized platform where customers can digitally store and enjoy all their entertainment. “Movies Anywhere offers over 7300 movies at launch,” said Walt Disney Studios.
The move is perhaps motivated by a need to evolve. According to Digital Entertainment Group data that was shared by Bloomberg, DVD and theater ticket sales are falling, as are theater stocks. It is the age of the streaming service, with more people happy to subscribe to platforms like Netflix rather than pay for individual films and shows.
Disney and Netflix have been entangled in a battle for a while now, with Disney swiping Marvel and Star Wars out from Netflix in favor of its own Movies Anywhere service, and Netflix retaliating by signing a lucrative deal with Shonda Rhimes. How will Movies Anywhere fare against the well established Netflix?
Find out more about Disney’s new film service here.
[via Bloomberg and Walt Disney Studios, composite image by DesignTAXI via Movies Anywhere]
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