Walt Disney’s break with Netflix increases pressure on the streaming service to produce more of its own programs and shore up its movie catalog as other media companies withhold their most valuable TV shows and films.
Disney is the largest supplier yet to withdraw programming from Netflix, which has morphed from friend of Hollywood to rival in the past few years. Scripps Networks Interactive opted not to renew deals giving its shows to Netflix, while executives at 21st Century Fox and Time Warner have said they’ll reduce sales to the streaming service.
“Monolithic, global exclusive deals with Netflix are troublesome,” Fox Co-Chairman Lachlan Murdoch said Wednesday on a call with analysts. “And we think that there’s a broader marketplace for us to license into.”
Source:: AdAge – Digital