Neflix is dropping after Disney says it will pull its movies from the platform
Aug 9, 2017, 02:07 IST
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Netflix is down 3.32% in after-market trading Tuesday after Disney announced it would be pulling its movies from the platfor in order to start a stand-alone service, according to a company release.
Disney's standalone service is set to debut in 2019 when its relationship with Netflix is over.
On Monday, Netflix made its first-ever acquisition, the comic book company Millarworld.
Netflix has said previously how important good, original content is to grow its subscriber base.
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Disney is also falling after hours after the company missed earnings, down about 2%
