NewsBreak: Disney to Ban Netflix Ads as Streaming War Heats Up – WSJ

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© Reuters. © Reuters. – Disney is to ban ads for Netflix (NASDAQ:) from all of its channels, the Wall Street Journal reported, as the rivalry between the two gets increasingly direct. Disney announced it will launch its new streaming service, Disney+, in November.

  • The news comes a day after the WSJ also reported Disney’s with (NASDAQ:) over how much advertising Disney content should carry on Amazon’s Fire streaming devices.
  • Walt Disney (NYSE:) shares up 1.0%; they’re up 18% year to date.
  • Netflix (NASDAQ:) shares down 0.1%. They’ve fallen 10% this year as others have encroached on its turf.
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