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New era dawns as Disney moves to streaming

Announcement that it will pull future Disney and Pixar movies from Netflix sends Netflix shares downward

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Blockbusters such as the Pirates of the Caribbean franchise (above) may also be yanked from other streaming companies' line-ups.

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Mr Iger (above) has told analysts that it is high time Disney got into the streaming business. Starting in late 2019, new-release Disney and Pixar films will move to Disney's entertainment- focused streaming service.

Los Angeles

DISNEY set off a sonic boom in Hollywood by unveiling plans to start two Netflix-style services: For the first time in the streaming age, the world's largest media company had decided that embracing a new business model was more important than clinging to its existing one.

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