Disney is planning to launch a direct-to-consumer streaming service in 2019 starting in the U.S. and expanding globally.
Disney announced in a statement that it would spend heavily on original programming for its entertainment streaming service and pull future Disney and Pixar movies from Netflix.
The new platform will be the home for all Disney movies, starting with the 2019 theatrical slate which includes Toy Story 4, Frozen 2, and The Lion King.
The company will also launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis’ Grand Slam events.
To power the services, Disney is buying a majority ownership of BAM Tech for $1.58 billion.