Disney🏰 on Tuesday said it will be pulling its movies from Netflix and will launch a Disney streaming service💻 of its own in 2019. It also said it will launch an ESPN⚽ streaming service early next year.
To help do all that, Disney will acquire a majority of BAMTech🖥, the streaming technology company owned by MLBAM, the internet company owned by Major League Baseball🏈. Disney already owned a stake in BAMTech but will pay $1.58 billion💸 for an additional 42%.
Details of the Disney streaming service were sketchy Tuesday, with 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.
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