Disney is saying goodbye to Netflix and will aggressively enter the crowded subscription streaming market.There will be one streaming service for sports and another for films and television shows, the company announced on Tuesday. The same day it reported weak fiscal third-quarter earnings.Disney is trying to appeal to younger audiences who are choosing Netflix and other digital platforms over traditional television.The streaming services will give Disney "much greater control over our own destiny in a rapidly changing market," CEO Bob Iger told analysts on a conference call. He described the moves as an "entirely new growth strategy" for the company.The sports streaming service, which will be under the ESPN name, will be available next year, and is expected to feature 10,000 sporting events annually, among them Major League Baseball, hockey and soccer games, tennis matches and college sports through ESPN's popular mobile app."Ultimately, we envision this will become a dynamic sports marketplace that will grow and be increasingly customizable, allowing sports fans to pick and choose content that reflects their personal interests," Iger said."Disney will have to be careful that it doesn't transfer too much sports programming from its TV channels to the app," analyst Brian Weiser of Pivotal Research Group told The Associated Press. "Getting the balance wrong could upset cable companies and weigh on the price they pay Disney for ESPN."In 2019, Disney will stop providing new movies to Netflix and begin its own streaming service. The Disney-branded film and TV offering would include original content developed by Walt Disney Studios.Reuters reports Disney is one of the most recognized names on Netflix:
Disney Will End Netflix Deal And Offer Its Own Streaming Services
