Disney to pull Star Wars and Marvel movies from Netflix

Wendy Jensen
September 8, 2017

Disney said last month that it was considering moving "Star Wars" and Marvel to the new service, but a decision wasn't announced until Thursday.

According to The Wrap, Disney CEO Bob Iger announced the content plans for the upcoming service at the Bank of America Merrill Lynch conference in Beverly Hills on Thursday. In 2019, they are going to launch their own streaming service and will be competing directly with Netflix, Hulu and everyone else out there.

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'U.S. Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018, ' the company said in a statement. Netflix had signaled it was in "active discussions" with the media giant to retain those streaming rights, but those efforts apparently never came to fruition. First, he announced that the product would not be offered in the US until late 2019.

Netflix's stock didn't seem to be affected by Iger's announcement today - though shares in Disney were down after Iger said that earnings per share for this year will be comparable to those one year ago.

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The company will make 4-5 original films a year for the service, he says.

That said, this could ultimately force fans to chose between Disney and Netflix.

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It comes as Disney reported a near 9 percent fall in quarterly profit, pulled down by higher programming costs and declining subscribers at its flagship sports channel ESPN. However, he did mention that the app would include a collection of shorts from the company and over 7,000 episodes of Disney television. But just because the service isn't launching til 2019 doesn't mean the movies will remain on Netflix until then. Most importantly, he confirmed that all of the MCU movies and the Star Wars movies are going to be on the service from the start.

Other reports by Info About Network

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