Michelle Castillo, writing for CNBC:
CEO Bob Iger told CNBC’s Julia Boorstin Disney had a “good relationship” with Netflix, but decided to exercise an option to move its content off the platform. Movies to be removed include Disney as well as Pixar’s titles, according to Iger. Netflix said Disney movies will be available through the end of 2018 on its platform. Marvel TV shows will remain.
The new platform will be the home for all Disney movies going forward, starting with the 2019 theatrical slate which includes Toy Story 4, Frozen 2, and the upcoming live-action The Lion King. It will also be making a “significant investment” in exclusive movies and television series for the new platform.