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techkenyot.com December 13, 2017


Netflix woos Walt Disney to keep Marvel superheroes and Star Wars

13 August 2017, 04:10 | Elsie Buchanan

Netflix woos Walt Disney to keep Marvel superheroes and Star Wars

Netflix Inc

Netflix Inc is in "active discussions" with Walt Disney Co about keeping Marvel and "Star Wars" films after 2019, when new Disney and Pixar movies will stop appearing on the streaming service, a senior executive said late on Thursday.

Sarandos said he expected Disney's service would 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.

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Netflix's move to snap up the comic-book company behind Kick-Ass and Kingsman may have grabbed headlines, but the real news was Disney's decision to pull its films from the streaming service as it looks to launch a United States rival.

A day after Netflix announced its Disney-like move, Disney made a very Netflix-like move by announcing it intends to launch a streaming service in the USA in 2019. But all is not lost for the site, with Variety reporting that it's still fighting in negotiations to hold onto the streaming rights to films from Disney's lucrative subsidiaries, like Marvel Studios and Lucasfilm.

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Disney, which is behind hits such as The Lion King and Frozen, wants to bypass distributors and directly connect with viewers. Meanwhile, Disney CEO Bob Iger has said there's no distribution plan in place now for Lucasfilm or Marvel Studios, according to Reuters.

Netflix's investors took fright at the move by Disney, which has been considered a potential acquirer of the $77bn company, with its share price still down about 6% since the announcement. Due to the plans, Disney said it would no longer offer its films on Netflix beginning with the 2019 film slate.

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