Netflix Losing 'Star Wars,' Marvel Films to Disney's Streaming Service

Emmett Rice
September 8, 2017

"We're going to launch big and we're going to launch hot", Mr. Iger said of the digital service, speaking at a media-business conference on Thursday. Disney's movie studio will be creating films specifically for the app, he said. Shares of Disney were down $3.60, or 3.6%, the worst performer among the Dow's 30 components and slicing about 25 points from the price-weighted gauge.

When Disney announced the streaming service last month, the company did not yet have an answer on the fate of the Star Wars and Marvel films. 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.

Initially, it was reported that Disney was "in talks" with Netflix to keep its content on the streaming service.

Netflix shares, on the other hand, were not hurt by the Disney news, nor did they see a bounce.

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As much as we love Disney and their properties, subscribing to another service just adds more to the bill.

In terms of a library, Iger did not share exactly how far back the service would reach.

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.

Now, CEO Bob Iger on Thursday ended speculation about what would happen to the Marvel and Lucasfilm titles currently being streamed on Netflix, according to Variety. But Mr. Iger said that Disney is hoping to provide a different buying model, at least eventually. And he's doing it in a massive way, by putting its "Star Wars" and Marvel movies exclusively on Disney's forthcoming over-the-top streaming service when it launches in 2019. Disney has been making moves recently to breathe new life into some of its classic franchises recently, but not everyone's happy about the company's initiatives.

Other reports by Free-Prsite

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