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

08 September, 2017, 00:29 | Author: Pamela Mathis
  • Marvel and Star Wars films will be Disney streaming exclusives

Netflix now has over 100 million subscribers worldwide, but Disney's move to launch its own streaming service could be its biggest competitive threat yet.

That hope ended today, with statements made by Disney CEO Bob Iger at the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment Conference.

At the time, it was uncertain whether the Marvel and new Star Wars movies, which are now available to stream on Netflix thanks to an exclusive deal the company struck with Disney this year, would stick around the popular streaming service. 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. About 500 films from the Disney library will also be available, along with around 7,000 episodes of TV shows.

For Netflix, Disney's decision will add to the pressure for it to create appealing original content of its own in order to replace some of the high-profile franchise films it will lose starting in 2019.

Obviously, the thinking here is that Netflix needs Disney more than Disney needs them.

Disney will produce 4 - 5 lower budget films along with TV shows exclusively for the new Disney app. When Disney announced its streaming service in August, Netflix said that it continued "to do business with the Walt Disney Company on many fronts", and it appeared to be negotiating for continued access to some of the studio's films.

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.

"There's not only room for Disney, but a demand for Disney", he said.

Mr. Iger also said Thursday that Disney is feeling some financial impact from Hurricane Irma. It's unclear if they will take Netflix's Daredevil, Jessica Jones, Luke Cage, Iron Fist, The Defenders, and The Punisher with them.



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