The Walt Disney Company announced yesterday at it’s earnings report that it intends on removing all Disney branded content from the streaming service Netflix starting in 2019. All Disney and Pixar branded content will be removed while Marvel television shows will remain.
Disney plans to launch a direct-to-consumer streaming service in 2019. This new platform will be the exclusive home to stream Disney’s 2019 film slate including “Toy Story 4,” “Frozen 2,” and the upcoming live-action “The Lion King.”
Netflix stock dropped more than 5 percent upon announcement of the news.