Iger Elaborates on Steaming Service Plans, Marvel and Star Wars Will Join

Marvel and Star Wars films will be Disney streaming exclusives
Say Goodbye to Star Wars and Marvel Movies on Netflix
Author

08 September, 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.

He added: "We've now decided we will put the Marvel and "Star Wars" movies on this app as well".

"We'll be launching hot", Iger said.

Netflix played down the effect of Disney's announcement, and said it would continue to do business with Disney globally, including its relationship with Disney's Marvel TV. There is also a chance that global versions of the service will launch before the USA launch due to streaming rights clearances. "The studio library will be available on app".

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

The Marvel movies will also make the move from Netflix to the Disney app.

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Iger also narrowed the time frame for launch, now expected in "late 2019".

The announcement ends speculation about what would happen to the Marvel and Lucasfilm titles now being streamed on Netflix.

Disney first announced in August its plans to launch its own competing streaming service, along with one for its ESPN sports channel. Investors may have sold because Iger said earnings per share for this fiscal year will be similar to the level for the year that ended on October 1, 2016.

Netflix stock dropped more than 5 percent upon announcement of the news. Rhimes, the Grey's Anatomy and Scandal creator, has spent more then a decade at Disney's ABC.

Disney will also next year launch a direct-to-consumer ESPN sports service.

Thursday didn't feature only good news for Disney, however. And it remains to be seen how successful this launch is when compared to the likes of Netflix. However, it appears they've come up empty in such a request, as both MCU and Star Wars movies will leave Netflix by 2019.


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