Disney is pulling Star Wars and Marvel films from Netflix

08 September, 2017, 00:26 | Author: Julian Swanson
  • Marvel Studios

"We've now decided we will put the Marvel and "Star Wars" movie on this app as well", Iger said at a conference in Beverly Hills.

Variety reports that Disney CEO Bob Iger ended speculation about the future of Star Wars and Marvel movies on Netflix.

Disney had previously left the door open for those movies staying on Netflix, when it announced plans in August to cut its licensing ties with Netflix in favor of building its own internet streaming service. The upshot is that Netflix, at this point, is big enough that the loss of a single partner - even a name-brand one like Disney - isn't enough to rock the boat. It is now scheduled to launch sometime in late 2019.

It wasn't too long ago that Disney announced that Netflix would no longer stream their content and that they would be launching their own streaming service in 2019. However, there was still some hope that Netflix would continue to be the post-theatrical home for Star Wars and Marvel movies.

The big question now is the fate of the Marvel-Netflix series like Defenders, Daredevil, Jessica Jones, Luke Cage, and Iron Fist, as well as the upcoming Punisher. But Disney is leaving a lot of money on the table by not doing a deal with Netflix or one of its competitors.

Starting in 2017, Netflix became the exclusive subscription streaming home of all new Disney movies. This, he says, will complement the studio's tentpole strategy for theatrical releases by moving low-budget (but still quality) films to the new app.

No price has yet been set for the service, but more details were promised by Iger in the coming months.

As a part of the strategy, however, Disney last month said it would spend $1.58 billion to acquire majority control of streaming technology company BAMTech.

Mr. Iger also said Thursday that Disney is feeling some financial impact from Hurricane Irma.

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