Movies & TV / News

Netflix In Talks With Disney To Keep Marvel and Lucasfilm Movies

August 11, 2017 | Posted by Joseph Lee
Netflix

As we reported earlier this week, Disney is preparing to launch their own streaming service and will begin pulling their content (Disney and Pixar) from Neflix in 2019. Marvel and Lucasfilm weren’t mentioned in the initial announcement and now we know why. Reuters reports that Netflix is in “active discussions” with Disney to keep all Marvel and Lucasfilm movies after 2019, when Disney will begin pulling their new releases from the service.

Disney Chief Executive Officer Bob Iger said that they haven’t decided where they would distribute the Marvel and Star Wars films, mentioning they could stay on Netflix, go somewhere else or be kept by Disney. Netflix Chief Content Officer Ted Sarandos confirmed the talks were ongoing. It could help out the streaming giant, as shares were up 1.3% ($171.41) this afternoon after previously falling 5% in the past two days due to the announcement. They deal only applies to films in the US, applying the new releases that stream not long after their theatrical run.

Sarandos says Disney’s service will be “complementary” to Netflix, which has other program for children through a deal with Illumination Entertainment and another from Dreamworks Animation. He added that Disney’s plan is a “national evolution” for traditional media companies that Netflix expected to happen. He added: “That’s why we got into the originals business five years ago, anticipating it may be not as easy a conversation with studios and networks” to license their content.

article topics :

Disney, Lucasfilm, Marvel, Netflix, Joseph Lee

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