Disney to pull new movies from Netflix, plans own streaming service

Walt Disney Co will stop providing new movies to Netflix Inc starting in 2019 and launch its own streaming service as the world’s biggest entertainment company tries to capture digital viewers who are ditching traditional television.

Disney’s defection, announced alongside its quarterly results on Tuesday, is a calculated gamble that the company can generate more profit in the long run from its own subscription rather than renting out its movies to services like Netflix.

More at Financial Post

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