CEO Bob Iger told CNBC’s Julia Boorstin Disney had a “good
relationship” with Netflix, but decided to exercise an option to
move its content off the platform. Movies to be removed include
Disney as well as Pixar’s titles, according to Iger. Netflix said
Disney movies will be available through the end of 2018 on its
platform. Marvel TV shows will remain.
The new platform will be the home for all Disney movies going
forward, starting with the 2019 theatrical slate which includes
Toy Story 4, Frozen 2, and the upcoming live-action The Lion
King. It will also be making a “significant investment” in
exclusive movies and television series for the new platform.
Part of me says “I’m surprised it took them this long”, and the other part says “How many different streaming services am I going to wind up paying for every month?”