Disney has announced that they will be pulling their films from Netflix and starting their own streaming service, which is expected to be available in 2019. Disney also wants to start an ESPN streaming service that will launch in 2018.
CEO Bob Iger explained that Disney had a “good relationship” with Netflix but that it was time for something new. When they pull their movies it will include all Disney and Pixar films, but the Marvel TV shows will remain on the platform.
The new services will be launched after Disney buys a majority ownership in the company BAM Tech for $1.58 billion. Bob spoke out about the shift.
“This represents a big strategic shift for the company. We felt that having control of a platform we’ve been very impressed with after buying 33 percent of it a year ago would give us control of our destiny.”
More in News
Demi Lovato Remains in the Hospital After Overdosing Last Week
Demi Lovato is still in the hospital following an overdose that took place last week. The star is still expected to...July 31, 2018
Madonna Launches a Malawi Fundraiser to Celebrate 60th Birthday
Madonna is launching a fundraiser for Malawi in celebration of her 60th birthday. The fundraiser will be held online in partnership...July 31, 2018
Kesha Documentary Heading to Apple Music
A Kesha documentary will soon be released on Apple music. The project is entitled Rainbow – The Film, and will provide...July 30, 2018
Justin Bieber Hints that a Wedding is Just Around the Corner
Justin Bieber has hinted that his wedding to Hailey Baldwin is just around the corner. A paparazzi recently asked the singer...July 30, 2018
Netflix Announces Four More Original TV Shows
Netflix has announced that they will be adding four more original TV shows. One of the new shows is called Madam...July 30, 2018
Kristen Stewart Joins the Cast of the ‘Charlie’s Angels’ Reboot
Kristen Stewart will officially be joining the cast of the Charlie’s Angels reboot, which will be directed by Elizabeth Banks. Other...July 27, 2018