Disney is ditching Netflix in 2019 to launch its own streaming service

Greg Kumparak, writing for TechCrunch;

Disney has just announced plans to end its distribution agreement with Netflix in 2019, instead opting to launch its own streaming service sometime during that same year.

Here’s the part of their announcement that mentioned that they will exit Netflix;

The new Disney-branded service will become the exclusive home in the U.S. for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar, beginning with the 2019 theatrical slate, which includes Toy Story 4, the sequel to Frozen, and The Lion King from Disney live-action, along with other highly anticipated movies. Disney will also make a significant investment in an annual slate of original movies, TV shows, short-form content and other Disney-branded exclusives for the service. Additionally, the service will feature a vast collection of library content, including Disney and Pixar movies and Disney Channel, Disney Junior and Disney XD television programming.

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.

Considering the size of their catalog, this will be a big blow for Netflix, we can just assume that Netflix executives are already anticipating this and they’re just wondering when it will happen.