Disney Pulls Films From Netflix, Plans Video Streaming Service

Burbank-based Walt Disney Co. is pulling all of its movies from Netflix, the studio said on Tuesday, and plans to launch its very own, video streaming service. According to Disney CEO Bob Iger, in Disney's earnings call on Tuesday, Disney plans to launch its own direct-to-consumer streaming service in 2019, rather than licensing its content to other online video streaming services. Disney will also launch a new online, subscription streaming service from ESPN, focused on live sporting events and other related content.