[ad_1]
After announcing plans to discontinue Disney Movie Club, the Walt Disney Company is partnering with Sony to handle its physical media business.
Disney plans to enter into a licensing agreement that will allow Sony to control this division of its home entertainment business. As first reported by Variety, Sony will take over the sales, manufacturing and distribution of the House of Mouse’s “new releases on physical media and catalog titles to consumers through retailers and distributors in the U.S. and Canada.” It turns out.
Customers who purchase Disney productions on DVDs, Blu-ray discs, or other tangible media items will have fewer options to obtain them because the market for such products is shrinking. Streaming is the primary way viewers watch movies and TV shows. The Disney Movie Club subscription service will officially end in July, so it’s unclear whether Disney Vault’s older titles will still be available through the retailer. Not all titles are available on Disney Plus or other streaming services, so movie fans may need to find an alternative to physical copies of movies and shows.
Disney isn’t the only entertainment giant changing the way it manages physical media. Netflix shut down its DVD business last fall, and Best Buy decided to phase out DVDs and Blu-rays this year. Both companies cited changes in the way video content is consumed.
While Disney still aims to serve consumers who require physical media, growing its streaming subscriber base is a top priority. Disney has announced its intention to focus more on digital platforms such as Disney Plus, ESPN Plus, and Hulu. During the company’s first quarter earnings call, CEO Bob Iger talked about the company’s partnership with Epic Games and its new joint sports streaming venture with Fox and Warner Bros. Discovery. He and Chief Financial Officer Hugh Johnston point to Disney’s recent successes in streaming (including Moana, which was the most streamed movie in 2023) and paid sharing as examples of future wins. I mentioned it.
[ad_2]
Source link
