Netflix Inc. are in "active discussions" to keep Marvel and Star Wars films on the streaming service after the upcoming split in 2019.
Disney announced on Tuesday that it was pulling new Disney and Pixar films from Netflix starting with its new releases in 2019 and will put the movies on a new Disney-branded online service.
Sarandos said he expected Disney's service to be "complementary" to Netflix, which carries other family-friendly programming such as animated movies from "Despicable Me" creator Illumination Entertainment and "Shrek" producer Dreamworks Animation. Iger said on Tuesday the Marvel and Lucasfilm movies could go to Netflix or another streaming service after 2019, or Disney might retain the rights for itself.
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Netflix chief content officer Ted Sarandos called Disney's launch of a streaming service a "natural evolution" in that the company expected it.
Marvel and Lucasfilm are both owned by Disney.
Disney, which is behind hits such as The Lion King and Frozen, wants to bypass distributors and directly connect with viewers. Previously the interactive media and Internet company of Major League Baseball, BAMTech was founded in 2000 and provides direct-to-consumer streaming services, data analytics and commerce management with almost 7.5 million total paid subscribers to its clients' OTT products. Netflix has over 100 million subscribers.