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The Fastest Films To Gross $200 Million. The Netflix-Disney deal was the first time a major studio chose to eschew a cable service for its releases in favor of going directly to online streaming for pay distribution post-release. The deal was estimated to have cost Netflix about $300 million in total, a hefty sum.
Disney's announcement coincided with a mixed quarterly earnings report, which sunk its stock 3 percent in after-hours trading. Disney on Tuesday said it will be pulling its movies from Netflix and will launch a Disney streaming service of its own in 2019. It also said it will launch an ESPN streaming service early next year. To help do all that, Disney will acquire a majority of BAMTech, the streaming technology company owned by MLBAM, the internet company owned by Major League Baseball. Disney already owned a stake in BAMTech but will pay $1.58 billion for an additional 42 percent.