Disney announced on Tuesday that it was pulling new Disney and Pixar films from Netflix, starting with new releases in 2019.
Netflix Inc (NFLX.O) is in "active discussions" with Walt Disney Co (DIS.N) about keeping Marvel and "Star Wars" films after 2019 when new Disney and Pixar movies will stop appearing on the streaming service, a senior Netflix executive said on Thursday.
It will start putting the movies on the new Disney-branded online service that year - in a major move taking the media company away from the traditional satellite and cable operators.
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(The migration will not include Marvel properties like Jessica Jones and Luke Cage which are under a different deal.) Chief Content Officer Ted Sarandos told Reuters that Netflix are still discussing an agreement that could keep the Lucasfilm and Marvel Entertainment around into the 2020s. Sarandos believes Disney's new service will be "complementary" to Netflix.
Disney's decision to launch its own OTT service in the U.S. won't affect Disney, Marvel or Star Wars content included in Netflix's catalogues across Latin America and Spain. Iger said on Tuesday that the Marvel and Lucasfilm movies could go to Netflix or another streaming service after 2019, or Disney might retain the rights for itself.
"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" offered Sarandos.