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 decision did Disney announce regarding its movies and Netflix?

What is the significance of Bam Tech in Disney's streaming strategy?

What did CEO Bob Iger say about Pixar and Disney branded movies?

How did the announcement about Disney's streaming service affect Netflix's shares?

What are the potential implications for Marvel and Star Wars films in relation to the new Disney service?