HALISTER: Disney to End Netflix Pact for Streaming New Releases in 2019

Disney to End Netflix Pact for Streaming New Releases in 2019

(Bloomberg) -- Disney’s branded service will become the exclusive home in the U.S. for subscription-video-on-demand viewing of the new live action and animated movies from Disney and Pixar, beginning with the 2019.
  • Disney reported 3q rev. $14.24 billion, estimate $14.42 billion
  • Disney falls 2.7% in after-market trading
  • Netflix falls 4.1% in after-market trading.
Link to Statement: The Walt Disney Company to Acquire Majority Ownership of BAMTech To contact the reporter on this story: Lauren Berry in New York at lberry4@bloomberg.net

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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DIS US (Walt Disney Co/The)
NFLX US (Netflix Inc)

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