Walt Disney Co.’s break with Netflix Inc. increases pressure on the streaming service to produce more of its own programs and shore up its movie catalog as other media companies withhold their most valuable TV shows and films.
Disney is the largest supplier yet to withdraw programming from Netflix, which has morphed from friend of Hollywood to rival in the past few years. Scripps Networks Interactive Inc. opted not to renew deals giving its shows to Netflix, while executives at 21st Century Fox Inc. and Time Warner Inc. have said they’ll reduce sales to the streaming service.
