Good news for Android users. As per sources, The Walt Disney Company’s (DIS) digital movie service, Disney Movies Anywhere, would now be available on Google Inc.’s (GOOGL) Google Play.
The service launched earlier this year by Disney was hitherto available only either on the company’s website and apps or on Apple Inc.’s (AAPL) iTunes store.
Through Disney Movies, users can buy and store any Disney, Pixar or Marvel movie on one device, and later can access it via any other digital device irrespective of its operating system. This means if you download a Disney movie from iTunes on an iPhone you can access it from your Android tablet.
Some analysts view this as a rare feat as this is the first time two tech giants, Google and Apple, will share rights to the same digital content.
The deal is important as it will now offer serious competition to Ultraviolet, an online movie service formed in 2011 by an alliance of several companies, including majority of Hollywood studios, with the exceptions of Disney. Apple and Google. Amazon.com Inc. (AMZN) is not a part of the alliance either.
As online sales continue to flourish, studios are finding innovative ways to enhance their digital sales. Also, in order to curb piracy, studios are making their content easily available to the users so that they can access data from anywhere, irrespective of the storage source.
With Apple and Google, Disney is well poised to capture a huge chunk of digital movie sales.
Disney, which carries a Zacks Rank #2 (Buy), is scheduled to announce its fourth quarter and fiscal 2014 results on Nov 6, 2014. Our proven model shows Disney as likely to beat the Zacks Consensus Estimate this quarter.
This is because Disney carries a Zacks Rank #2 and an Earnings ESP of 3.41%. For a stock to outperform, it needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3.
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