Disney announces closure of 100 international TV channels

In a speech at the annual global technology, media and telecommunications conference JP Morgan CEO revealed this week Walt disney companyThere are plans to close more channels in the UK, Australia and New Zealand after the recent closure, with more to follow in South East Asia and Hong Kong in October.

According to Chapek, which channels will be closed and when, depending on what contact Disney has in their individual markets and which commitments are still to be fulfilled.

Disney + is a top priority

The company has made it clear that its Disney + streaming service is still a priority. The media giant got its content from channels last year Sky And Virgin media Streamer withdrawn in preparation for launch in the UK.

Fox, Fox crime, Fox Life And FX are among the channels closing in Southeast Asia and Hong Kong later this year, less than three years after Disney bought them 21st century fox Acquired.

According to local reports, children’s channels are also being used Disney Junior And Disney Channel cancellation, as well Net live people And Scm legend, A broadcaster that takes Chinese films to the masses. continue to be Fox action movies, Fox family movies, Fox movies And Star Movies China Break even. There are also plans to close five sports channels, including those popular in Southeast Asia. Fox sportsChannels featuring football, motorsports, rugby and some American sports.

Missed forecast

However, Disney’s latest second quarter results show that the 2020 SVOD boom has cooled off as Disney + missed analysts’ forecasts for new customers in the second quarter of 2021. However, the streaming service still ended the reporting period with 103.6 million subscribers, up from 33.5 million year-on-year. However, the total was also well below the forecast of 109.3 million.

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To further expand its offering, Disney signed a comprehensive, multi-year contract last month. Sony Pictures Entertainment Of which it is the linear rights of US streaming and film franchises such as “Spider Man“Receives

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About the Author: Rusty Kemp

Tv ninja. Lifelong analyst. Award-winning music evangelist. Professional beer buff. Incurable zombie specialist.

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