News Worms
News Worms


Marvel and Star Wars films will be Disney streaming exclusives

Marvel and Star Wars films will be Disney streaming exclusives

Disney CEO Bob Iger said thousands of TV episodes and hundreds of movies will be available, though shows from Disney's ABC network aren't coming to the service. However, in some good news for many fans, he says the company has decided to make Marvel and Star Wars content part of the same app. According to a report from Deadline, Star Wars and Marvel movies will also be leaving Netflix in 2019 with all the other Disney movies on Netflix. 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.

The announcement puts an end to rumors that Disney would split their content with Netflix. It will launch sometime in late 2019.

This concludes several weeks of discussion between Netflix and Disney after the studio announced plans to launch its own streaming service featuring original Disney films and shows.

Netflix stock dropped more than 5 percent upon announcement of the news.

Iger also shared some new information about the company's ESPN-branded streaming service, which will launch next year, and will have 10,000 new sporting events in its first 12 months.

Disney is also planning to move Disney and Pixar animated movies to its own service, along with its more child-centered TV library.

Meanwhile, separately from the Disney movie pact, Netflix has a multiyear deal with Marvel for original series based on Marvel's street-hero characters, including "Daredevil", "Jessica Jones", "Luke Cage" and "Iron Fist".

The decision also means that Netflix - which now has an exclusive deal with Disney to stream its new films - may not have any major titles from Disney after 2019, when their partnership ends. Since Disney's service won't launch for roughly two years, they have not yet announced the full specifications of their service, or how much it will cost. But just because the service isn't launching til 2019 doesn't mean the movies will remain on Netflix until then.

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