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During its quarterly earnings call on Tuesday, The Walt Disney Company’s CEO, Bob Iger, announced that the company will start its own streaming service when its current deal with Netflix ends.
Additionally, the company is looking to create a multisport streaming service for ESPN by early 2018.
The news comes a day after CBS’ earnings call, in which the network announced a livestreaming sports network.
“Today, we announced a strategic shift in the way we distribute our content,” Iger said.
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