If you were planning on watching a marathon of Lucasfilm and Marvel titles on Netflix anytime soon, know that your plans are officially thwarted. CEO of the Walt Disney Company, Bob Iger, announced yesterday, Thursday, September 7th, that the organization will move its movies to its streaming service.
Their version of Netflix will come out near the end of 2019. Iger previously stated that Disney and Pixar movies on Netflix would move to Disney’s streaming service after its launch in 2019.
At the time, the fate of the Marvel and Lucas Films movies was unknown.
However, Bob said yesterday they’ve decided they will put the Marvel and Star Wars productions on their upcoming platform.
Some of the films that will no longer be on Netflix include Thor: Ragnarok, Star Wars: The Last Jedi, Black Panther, as well as Avengers: Infinity War.
All of the films above are moving to Disney’s streaming service.
A decision hasn’t been made regarding the price of the subscription, but Iger said Disney would produce between four and five films per year, as well as making the same number of original series and TV movies.
Netflix may be in trouble, as many of Disney’s biggest productions are moving from the streaming service, including Beauty and The Beast, Rogue One: A Star Wars Story, and Zootopia.
However, Ted Sarandos, the chief content officer claims he’s not worried because studios and networks have a relationship that is closer to “frenemies,” rather than rivals.
Netflix has proved to be a resilient organization, as they planned for studios to move their content years ago. Ted claimed, “We started making original content five years ago, betting this would happen.”