Disney will launch its streaming service, Disney +, at the
end of this year while NBCUniversal plans to launch its own OTT service next spring.
NBCUniversal will have the right to provide its content, which is currently
exclusive on Hulu, on its own service at the time.
This deal gives Disney a huge advantage over its competitors
in terms of the content and services it owns as the competition in the
streaming service space heats up.
Last week, Disney reported its second-quarter 2019 earnings results, surpassing market expectations on revenue and earnings.
ADVERTISEMENT
Disney’s shares were up 1.6% in afternoon trade on Tuesday.