Disney announced during its latest earnings report that it intends to pull all its movies from Netflix. The former plans to launch a branded Disney direct-to-consumer streaming service in 2019 starting in the US. The service will soon after be launched globally.
Disney’s decision is a blow to Netflix, especially with a recent deal that both companies signed. At the same time, it’s might a step in the right direction for Disney, which has a huge library of hit movies to offer.
Disney movies will not be pulled out of Netflix right away. The entertainment conglomerate says that it plans to cut Netflix off starting with the studio’s 2019 films. Disney added that Netflix will be able to keep all the Disney movies it gets through the end of that year. This means that Toy Story 4, Frozen 2, the third installment of the new Star Wars Trilogy and the upcoming live-action movie The Lion King will be available at the new streaming service and not on Netflix. According to a spokesperson, Marvel series like Luke Cage, Jessica Jones, and The Punisher will continue on Netflix until further announcement.
Disney also announced that it will be making a “significant investment” in exclusive movies and television series for the new platform.
Plans For an ESPN Live Streaming
The company will also launch its own ESPN video streaming service in early 2018. To do that, Disney is buying a majority ownership of BAM Tech. Disney currently owns a 33% stake in BAM Tech. The platform, which will feature at least thousands of sporting events each year, will also have content from the MLB, NHL, MLS, collegiate sports, and tennis’ Grand Slam events.
Netflix and Millarworld
It all makes sense now why Netflix decided yesterday to acquire the comic-book publisher Millarworld, one of Disney’s rivals. Millarworld is founded by Mark Millar who wrote a number of comic books for Marvel including Old Man Logan and Civil War. He also authored Kick-Ass and Kingsman: The Secret Service, both of which have been turned into successful feature films.
In a statement by Netflix, the partnership with Millarworld will develop new films, TV shows, and other projects that will expand Millarworld’s exposure.