Disney Launching Streaming Service, Pulling Movies From Netflix | THR News

Disney announced it will pull its movies from Netflix and launch its own streaming service in 2019, along with an ESPN streaming service. Disney will acquire a majority stake in BamTech to support these initiatives. Details on the Disney service are limited, but it will likely feature exclusive Disney and Pixar content. The impact on Netflix was immediate, with shares dropping 4%. The future of Marvel and Star Wars films on the service is uncertain. Disney's strategic shift marks a significant change in content distribution.

What major change did Disney announce regarding its movies and streaming services?

• Disney will continue its partnership with Netflix.

• Disney will stop producing new movies.

• Disney will launch its own streaming service and pull movies from Netflix.

• Disney will sell its movies to other streaming platforms.

What is the purpose of Disney acquiring a majority stake in Bam Tech?

• To develop new animated movies.

• To enhance its theme park operations.

• To support the launch of its new streaming services.

• To expand its merchandise business.

Which types of movies are expected to be exclusive to Disney's new streaming service?

• Documentaries and independent films.

• All Star Wars movies.

• All Marvel movies.

• Pixar and Disney-branded movies.

What was the market reaction to Disney's decision to end its agreement with Netflix?

• Netflix shares were unaffected.

• Netflix shares dropped by 4%.

• Netflix shares remained stable.

• Netflix shares increased significantly.

What is still undecided about the future of Star Wars and Marvel movies?

• Whether they will be available on Disney's new service.

• Whether they will be produced by Disney.

• Whether they will be released in theaters.

• Whether they will be available on DVD.