Disney has announced plans to launch its own streaming services, and as such will pull its movies from Netflix.

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During its latest earnings report, Disney said it intends to debut its own branded streaming service for US consumers in 2019 and will then expand the service worldwide, CNBC reports.Disney and Pixar titles will be removed from Netflix, with this new service serving as the home for all Disney movies going forward. The service's initial lineup will include Toy Story 4, Frozen 2 and the live-action adaptation of The Lion King.Additionally, early next year, the company will launch its own ESPN streaming service that will feature video content from the MLB, NHL, MLS and more. Disney will also invest in exclusive TV shows and movies for its new streaming platform.Last August, Disney purchased a 33 percent stake in BAM Tech, and is now shelling out $1.58 billion to acquire majority ownership of the tech company in order to power its new streaming endeavors."This represents a big strategic shift for the company," Disney CEO Bob Iger told CNBC. "We felt that having control of a platform we've been very impressed with after buying 33 percent of it a year ago would give us control of our destiny."While Disney's partnership with Netflix didn't go into effect until last year, the company announced the deal back in 2012 , which gives the streaming company exclusive TV distribution rights to some of its live-action an animated movies, including content from Pixar, Lucasfilm and Marvel. Netflix currently features a wide array of Disney movies, including Moana, Jungle Book, Rogue One and Captain America: Civil War.As reported by Variety , Disney has not yet decided how it will handle TV licensing for its Lucasfilm and Marvel titles. According to Iger, the company may continue with third-party licensing deals or eventually add them to Disney's forthcoming streaming service.Additionally, Disney has yet to settle on pricing for their new streaming services. While its ESPN service will features ads, Disney's movie service will not. The company also doesn't plan to release its new movies on the movie streaming service day and date with their theatrical releases. Instead, titles will come to the service roughly 9 or 10 months after they debut in theaters.There's currently no word on when Disney's movies will be removed from Netflix.

Alex Osborn is a freelance writer for IGN. Find him on Twitter at @alexcosborn