For a time, Walt Disney Co DIS was content to share the wealth of its popular portfolio. But now it’s scrapping middlemen and taking distribution into its own hands. The company announced Tuesday its plans to launch ESPN- and Disney-branded over-the-top services in 2018 and 2019, respectively. In the short term, the strategy could limit shareholder profits, according to UBS analyst Doug Mitchelson. He lowered his annual earnings-per-share estimates when considering Disney’s increased stake in streaming supporter BAMTech, lost revenue from content sales to Streaming or Subscription Video on Demand (SVOD) services, and decreased revenue from advertising. Disney’s immediate pain may just be the start of widespread industry distress. SourceThe shares move inside the rising wedge. Looks like there is more upside potential. $DIS, Walt Disney Company (The) / W