The news comes after Disney announced its intention to follow in the footsteps of increasing numbers of cable nets, with the launch of an ESPN-branded multi-sport video streaming service in early 2018.
But all is not lost for the site, with Variety reporting that it's still fighting in negotiations to hold onto the streaming rights to films from Disney's lucrative subsidiaries, like Marvel Studios and Lucasfilm.
Victoria Azarenka to miss US Open amid nasty custody battle
Azarenka also told the judge she has a valid custody order from Belarus, but the judge won't defer to the Belarus court.
Right now, the Disney films which leave theaters are run by Netflix in the US.
(The migration will not include Marvel properties like Jessica Jones and Luke Cage which are under a different deal.) Chief Content Officer Ted Sarandos told Reuters that Netflix are still discussing an agreement that could keep the Lucasfilm and Marvel Entertainment around into the 2020s.
Disney's plan to stream its content directly to consumers is "a natural evolution" for traditional media companies that Netflix expected, Sarandos said in an interview at an event to celebrate Emmy nominations for his company's drama, "The Crown". "That's why we got into the originals business five years ago, anticipating it may be not as easy a conversation with studios and networks", he told Reuters.
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