Netflix shares dive as Disney says it s pulling content

Disney said it will launch its own streaming service in 2019 and will also launch a separate dedicated streaming service for ESPN content as early as next year.

Disney CEO Bob Iger said the new service will include Disney Pixar movies, a "significant amount of Disney products from the studios over time" and a library of television content. "We're going to make a significant investment in original Disney-branded television and motion pictures for just this platform," Iger said.

[link to www.cnbc.com (secure)]