HOW WILL DISNEY'S STREAMING SERVICE WORK?
To power its new streaming service, Disney said it would pay $1.58 billion to buy an additional 42 percent stake in video-streaming firm BAMTech.
In 2016 Disney said it was taking a 33 percent stake in BAMTech for $1 billion.
The plan is for Disney and ESPN streaming services to be available for purchase directly from Disney and ESPN, in app stores and from authorized pay-TV partners.
When the news of Disney's streaming service broke last year, Netflix downplayed the announcement (file photo)
When the service was reported to be in the making last year, CEO Bob Iger told CNBC's Julia Boorstin: 'This represents a big strategic shift for the company.
'We felt that having control of a platform we've been very impressed with after buying 33 percent of it a year ago would give us control of our destiny.'
When the news broke, Netflix downplayed the effect of Disney's announcement, and said it would continue to do business with Disney globally, including its relationship with Disney's Marvel TV.
Read articles that feature this panel
Disney will pull its content from Netflix and launch its own 'family oriented' streaming service in 2019
Disney will offer a streaming service to compete with firms like Netflix and Hulu. The move comes as people are dropping pay television...
The Disney Vault goes digital: Firm's highly-anticipated streaming service to take on Netflix will include its 'ENTIRE motion picture...
Disney CEO Bob Iger revealed the service, called Disney+, will eventually include the 'entire Disney motion picture library,' bringing an...
AT&T declares war on Netflix and Hulu with subscription TV service - and hopes shows like Friends and The West Wing will give it the edge
AT&T's product will include three tiers of service: an entry-level package with movies, a premium tier with original programming and the...
Most watched News videos
- New video shows Epstein laughing and chasing young women
- Epstein describes himself as a 'tier one' sexual predator
- British Airways passengers turn flight into a church service
- Skier dressed as Chewbacca brutally beaten in mass brawl
- Buddhist monks in Thailand caught with a stash of porn
- Sarah Ferguson 'took Princesses' to see Epstein after prison
- Two schoolboys plummet out the window of a moving bus
- China unveils 'Star Wars' warship that can deploy unmanned jets
- Jenna Bush Hager in tears over disappearance of Nancy Guthrie
- Forth Bridge fireball fall into village streets
- Amazon driver's furious rant about deliveries captured on ring camera
- Authorities give update on search for Savannah Guthrie's mom
