Disney to end Netflix deal and launch its own streaming service

Disney will end its distribution deal with Netflix and launch its own streaming service, the company announced today. It intends to launch the service in 2019.

The move is a real blow to Netflix, which secured a valuable streaming deal with Disney back in 2012 — before streaming had really taken off. The deal only kicked into effect last year, so Netflix is barely seeing any benefit here.

The Verge

I was actually waiting for this to happen Disney has such a huge library of TV shows and movies they could easily break off into their own streaming service.