Disney set to remove all of their shows from Netflix

Disney is set to pull its content from Netflix with plans to start up its own streaming service.

The new platform will be the home for all Disney movies starting in 20-19 and will include the likes of Toy Story 4, Frozen 2 and the live-action Lion King.

The company also plans to make movies and television specifically for the service.

Netflix stocks dropped 5 percent following the announcement.

Source: More FM Newsroom | Brin Rudkin