Disney to pull movies from Netflix and launch its own streaming service

It will feature approximately   10,000 live regional, national, and international games and events a year, including content from Major League Baseball, the National Hockey League, Major League Soccer, Grand Slam tennis, and college sports. The company announced Tuesday that it will be removing its films from   Netflix and launching its own Disney-branded streaming service in 2019. Disney is acquiring a majority stake in the digital media company   BAMTech to power the streaming products. for subscription streaming of Disney and Pixar movies, beginning with the 2019 theatrical slate, which includes   Toy Story 4, the sequel to Frozen, and the live-action Lion King remake. “This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands.”

Show Full Article It will also feature library titles as well as original   movies, TV shows, and short-form content. The new platform will become the exclusive home in the U.S. “The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech’s full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market,” Disney chief Bob Iger said in a statement. Disney is cutting out the middleman. In addition, Disney will be rolling out an ESPN-branded sports streaming service in early 2018.