In a recent earnings announcement, Disney revealed plans to sever its partnership with Netflix, removing its films from the platform by the end of 2018. Instead, the entertainment giant is gearing up to introduce its own streaming service in 2019, much to the dismay of parents who are already calculating how to fit another subscription into their budgets.
As reported by CNBC, Disney’s movies—including beloved Pixar classics—will no longer be available on Netflix starting in 2019. However, Marvel TV shows will remain on the platform for the time being. The new Disney streaming service will initially be available in the U.S. and will later expand to international markets.
Subscribers to the new service can look forward to a treasure trove of Disney films, including upcoming releases such as “Toy Story 4,” “Frozen 2,” and a live-action adaptation of “The Lion King.” Disney is also planning to invest heavily in producing exclusive films and series for its platform.
In addition to the Disney streaming service, the company announced it will debut an ESPN streaming service next year, featuring around 10,000 sporting events, including major league baseball, hockey, tennis Grand Slam tournaments, and college sports.
The news of Disney’s departure from Netflix caused a 5 percent dip in Netflix shares, likely reflecting the worries of parents who will miss the convenience of easy access to Disney movies. While many families will appreciate having all their favorite Disney content in one place, the transition may require some adjustments to their viewing habits and budgets.
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In summary, Disney is pulling its films from Netflix to launch its own streaming service, a move that is sure to impact many families who rely on the platform for children’s entertainment. This transition marks a significant shift in the streaming landscape, as Disney aims to provide a centralized hub for its beloved content.