Fans petition Disney to reconsider pulling its content from Netflix

Global Business

In this Monday, Aug. 7, 2017, photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The Walt Disney Co. reports earnings, Tuesday, Aug. 8, 2017. (AP Photo/Richard Drew)

Nearly 12,000 people have signed an online petition asking Disney to stay with Netflix.

The Walt Disney Company has said it would stop selling movies to Netflix and launch its own streaming services in 2019.

The petition on the online organizing site Care2 said that would be a huge blow to Netflix users and Disney lovers who don’t want to have to pay double to access the Disney content.

CGTN’s Karina Huber has more on what Disney’s move means for an increasingly segmented industry.