"US Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018".
By ending the Netflix movie deal, Disney will keep movies such as "Toy Story 4" and "Frozen 2" for its own offering.
For the time being, Netflix still has some major movies to look forward to, including Marvel's next Avengers movie and the Star Wars Han Solo spin-off if it meets its Summer 2018 release date.
Disney movies that are now on Netflix will be available for streaming through the end of 2019.
Defending the brand further on a call with analysts on Tuesday, Iger said that the ESPN brand remains "very strong", calling it a "high-quality service" that he believes is "very much in demand from consumers". After all, Disney may turn out to be a massive force in this particular business, and more competition for Netflix could be good news for consumers. CEO Bob Iger saying that if a movie is Pixar- or Disney-branded, it will probably appear exclusively on the new service - including shows and movies made specifically for the service - but the jury is still out on Marvel and Star Wars films.
Walt Disney Co.'s stock price, in the wake of an announcement that its movies will be pulled from Netflix, is bouncing back some this morning after sliding in after-hours trading.
Disney now says their new service will become the "exclusive home in the U.S. for subscription-video-on-demand viewing" of major releases from Disney and Pixar.
KitGuru Says: As a long-term Netflix subscriber, this is disappointing news.
"While the stock may respond negatively in the near term, the potential value creation over the next 5 years is likely worth well above the implied ~$US2-$US3 billion in Disney's EV from the Netflix deal", Janedis said in a note to clients.
"The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech's full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market".
Losing Disney for the Second Time Doesn't Derail the Thesis. However, Disney shows like Jessica Jones would still be available on Netflix. That's why Netflix moved big-time into original programming.
Second, Netflix "has already shifted aggressively to original programming with an estimated 30 percent of its spend on originals, and about 15 percent of Netflix's content asset library reflects fully self-produced content".
Disney will acquire an additional 42% in BAMTech, as part of an accelerated move to take a controlling ownership of the direct-to-consumer streaming tech company.
Accused cop killer out of hospital, due in court Wednesday
Witnesses say the 28-year-old was hanging upside down from his vehicle , which had flipped over following a crash late last month. Jason Brown is facing felony murder charges for the death of Southport, Indiana Police Lieutenant Aaron Allan.