Disney Is Launching Its Own Streaming Service; Pulling Movies From Netflix

Disney will be trying to enter the video streaming market in 2019 the company has announced. As a result of this, many of its movies will no longer be available for you to watch on Netflix.

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As reported by The Hollywood Reporter, Disney hopes that its video streaming service in 2019 could help its earnings in the long run. An ESPN streaming service is also going to be out, but that will be available as early as next year.

In order to successfully launch this, Disney is spending $1.58 billion to get a majority stake on BAMTech. This is the successful company owned by Major League Baseball. BAMTech has helped other streaming services in the past such as the WWE Network, HBO Now and more.

Even though Disney will be pulling its TV shows and movies from Netflix, it's unknown how extreme they will go. Many Star Wars and Marvel TV shows and movies are on Netflix. There is the possibility that future Star Wars and Marvel material will appear exclusively only on their own streaming service.

This can be seen as both a good and bad thing. It's good since movies and TV shows will appear on the Disney network at a relatively fast rate. Not to mention Disney won't have to pull material from their own network due to expiring licenses.

The bad thing is that it will be an additional cost to the consumer. Consumers already pay for Netflix and lots of other streaming services. If you want to watch all of the cool Disney stuff, it will be another monthly expense that you will have to fork out for.

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