The Walt Disney Company has announced its plans to move into the world of subscription streaming.
First of all, the company plans to spend $1.58 billion acquiring a majority stake in BAMTech and launch its own ESPN-branded multi-sport streaming platform in 2018, showing thousands of live regional, national, and international games and events every year.
Then, in 2019, Disney will terminate its contract with Netflix and pull all content from the platform, before launching its own subscription streaming service.
Forthcoming theatrical releases from Disney and Pixar will be exclusively available for streaming via the platform, including Toy Story 4, the upcoming sequel to Frozen and the live-action remake of The Lion King.
Further, the service will feature an extensive library of historical Disney and Pixar content, as well as an array of exclusive original content made especially for release via the service.
