Disney Cuts Cord With Netflix Movies Goes Direct To Consumer

Netflix movies will no longer include signature Disney characters. The second largest US media company today announced that it will stop supplying content to Netflix and offer its own streaming service, largely featuring movies and sports programming. In “big strategic shift,” Netflix movies no longer will include “Snow White” or other titles Disney announced as it reported earnings Tuesday earnings, saying the firm planned to launch a direct to consumer content delivery service in 2019, with its ESPN unit offering streaming sports programming in early 2018. Disney Chairman and CEO Bob Igor called the move “a big strategic shift for the…