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Disney Reaches Licensing Deal With Sony Pictures Home Entertainment For DVD And Blu-Ray Releases Of New And Catalog Titles
Disney has reached a licensing deal with Sony under which the latter's home entertainment division will handle Disney releases on DVD and Blu-ray.
Netflix last fall unplugged its foundational disc-by-mail service and revenue from disc sales has continued to decline markedly in the streaming era, as indicated this month in a 2023 recap by the Digital Entertainment Group, a trade consortium. Sources familiar with the transaction, which was first reported by website The Digital Bits, said the new setup will operate on a licensing model. The shift was part of a larger evaluation of Disney’s strategy for reaching consumers and comes as the company is facing pressure from some investors to deliver more cost efficiencies.
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