During their earnings report today Disney announced that they plan to build their own streaming service and launch it in 2019, effectively cutting ties with Netflix in favour of doing this.
This comes after Disney signed their original exclusive partnership with Netflix last year, which brought movies from Disney, Marvel, Lucasfilm, and Pixar to the Netflix streaming service, however, it seems that this deal may end very soon.
Disney said that this agreement with Netflix will end 2019 calendar year theatrical slate, revealing the following in their press statement:
“With this strategic shift, Disney will end its distribution agreement with Netflix for subscription streaming of new releases, beginning with the 2019 calendar year theatrical slate.”
“Plans are for the Disney and ESPN streaming services to be available for purchase directly from Disney and ESPN, in app stores, and from authorized MVPDs.”
Shortly after this, Disney will launch their own streaming service which will be the main place to view movies from the Disney library, as well as content from the Disney Channel, Disney Junior, and the Disney XD content.
This is pretty interesting news and should be equally interesting to see how Disney’s streaming service will turn out and compete with the rest.