Disney is going to lose $150 million in operating income as it makes the move to launch its own streaming service and ceases its licensing deals with Netflix. But that's always been the plan, and it's not necessarily a bad thing.
By the end of 2019, Disney+, a streaming service filled with the company's library of movies and original programs, will become available to consumers. The platform will feature content from "Star Wars," Marvel and Disney's classic films as well as titles from its pending $71.3 billion acquisition of Twenty-First Century Fox.
Currently, Disney licenses its films and television shows to Netflix and Hulu. While some of those titles may remain on Hulu, as Disney will own a 60 percent stake in the streaming service after the Fox acquisition closes, it will likely begin phasing out much of its content on Netflix.