Disney To Pull Content From Netflix

PHILADELPHIA (CBS)--Disney is parting ways with Netflix.

The company said Tuesday that it will end its partnership with the streaming service in 2019.

Netflix Surges On Strong Subscriber Growth

Disney also announced it will launch its own streaming services, and plans to acquire a majority stake in BAMTech, a major streaming and marketing service.

Netflix shares fell 5% after hours, Disney slipped 2%.

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