Edge CEO Morning Brief Disney to Shut Down Most of Its TV Channels

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Edge CEO Morning Brief Disney to Shut Down Most of Its TV Channels

Edge CEO Morning Brief Section: Domestic Ad Value: RM 3,846 29-Apr-2021 Size : 201cm2 PR Value: RM 11,540 Disney to shut down most of its TV channels in Southeast Asia, eyes growth in streaming services SINGAPORE (April 28): Disney will be Chinese Channel and Star Chinese Movies shutting down most of its television chan Disney to shut —and Factual Entertainment - National nels in Southeast Asia and Hong Kong as Geographic Channel and Nat Geo Wild. part of the company's effort to further grow down most of its “These efforts will help us align our re its streaming services. sources more efficiently and effectively to In response to GN6s queries,TheW^lt TV channels in current and future business needs,M said Disney Company said on Tuesday (Apr the company. 27) it is “consolidating its Media Net Southeast Asia, Disney+, the company's streaming ser works business primarily in Southeast Asia vice, is currently available in two Southeast and Hong Kong"，as part of the compa eyes growth in Asian markets Singapore and Indonesia. ny^ “global effort to pivot towards a di- The company said it will continue to rect-to-consumer-first model and further streaming services roll out the service in more markets in grow“ its streaming services. the region including Hong Kong this year. According to Variety, the channels set to Local telco StarHub said there will be be shutdown include Fox,Fox Crime, Fox BY LAK曰SHA LEO & JERALDINE YAP "minimal impact” on its customers,岫。 Life and FX; movie channels Fox Action CNA are able to continue to watch films, series Movies, Fox Family Movies, Fox Movies and documentaries through Disney+. and Star Movies China. “StarHub is Official Distributor ofDis- Sports channels Fox Sports, Fox Sports ney+ in Singapore, having signed an ex 2, Fox Sports 3, Star Sports 1 and Star clusive agreement with The 陶11 Disney Sports 2 will also be shut down. Compan%" said StarHub in a statement. Disney Channel and Disney Junior, as SingTel said it is currently "working well as factual services Nat Geo People with Disney to understand this in better and SCM Legend, will also be axed, Va detail and assess the potential impact”. riety reported. Disney + was made available in Singa As of Oct 1,2021, Disney will operate a pore earlier this year, offering more than “streamlined television portfblio,, that cov 650 films and 15,000 episodes of enter ers the Chinese language channels - Star tainment content..

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