Disney TV will start selling Disney movies and TV shows through a subscription service this fall, according to The Next Internet.
The company’s announcement is in response to the Walt Disney Co.’s recent purchase of ABC Networks.
Disney said the deal was for a combined $1.1 billion in cash, which includes $1 billion for the purchase of The Walt and the acquisition of ABC.
Disney has been ramping up its TV programming as it enters its final year of the TV licensing deal with the Walt.
Walt Disney Co. said in February that it planned to cut its TV spending by nearly a third to about $900 million this year, with most of that spending coming from its licensing deals.
As part of the deal with Disney, Walt Disney Animation Studios and Pixar will get 20 percent of Disney TV revenues, Disney said in its announcement.
The rest will go to Disney Movies, TV, and Music.
In an interview with The Next World last month, Walt CEO Bob Iger said Disney has been looking at options to continue with the business as it prepares for its next phase of operations.
Disney has the unique opportunity to bring Disney Channel back to life.” “
The Disney Channel has grown into the most watched and most successful TV series on the Disney channel.
Disney has the unique opportunity to bring Disney Channel back to life.”
Disney is also expanding its video-on-demand business.
Earlier this month, Disney rolled out a $200 million ad-supported streaming platform called Disney TV.
Disney said it is now the only network in the world to offer the service.