- Joined
- Aug 20, 2006
- Messages
- 13,000
Disney CEO Bob Iger has some bad news for Netflix subscribers: Marvel and Star Wars titles will go exclusively to his company’s new streaming platform, which is set to launch in late 2019. In addition to Disney, Marvel, and Star Wars movies, the upcoming service will have four to five original Disney series, as well as three to four exclusive Disney movies and its existing television library.
Disney first announced its own streaming service during its latest earnings report in August. As a result, the company said it would be pulling its movies from Netflix starting in 2019. To power the service, Disney bought a majority stake in digital media company BAM Tech, upping the 33 percent investment it made in Aug. 2016. Over the next year and a half to two years, Iger said he plans to focus on the direct-to-consumer streaming products the company announced a few weeks back.
Disney first announced its own streaming service during its latest earnings report in August. As a result, the company said it would be pulling its movies from Netflix starting in 2019. To power the service, Disney bought a majority stake in digital media company BAM Tech, upping the 33 percent investment it made in Aug. 2016. Over the next year and a half to two years, Iger said he plans to focus on the direct-to-consumer streaming products the company announced a few weeks back.