Disney will be pulling its movies from Netflix and will launch its own streaming service in 2019.
It will follow an ESPN streaming service to launch with US sports early next year.
Hollywood Reporter notes Disney will acquire a majority of BAMTech, the streaming technology company owned by MLBAM, the internet company owned by Major League Baseball. Disney already owned a stake in BAMTech but will pay $US1.58 billion for an additional 42 percent.
CEO Bob Iger indicated that if a movie is Pixar or Disney-branded, it will probably appear exclusively on the new service — including shows and movies made specifically for the service.
It could mean that the upcoming Frozen 2 would be available for streaming exclusively on Disney’s new service while Star Wars: Episode IX presumably would not, though they are both set for release in 2019.
Decisions on Star Wars and Marvel movies are yet to be made, but the decision to not renew with Netflix is ‘a done deal.’