Star Wars and Marvel movies leaving Netflix with Disney movies

Star Wars and Marvel movies leaving Netflix with Disney movies

Star Wars and Marvel movies leaving Netflix with Disney movies

Those movies will join Disney's new streaming service set to launch some time in 2019.

He also reveald Disney plans to produce four or five original movies, as well as an equal number of original series and TV movies.

Investors weren't pleased at all with the EPS outlook, as Walt Disney Co shares were trading at $96.41 per share on Thursday afternoon, down $5.09 (-5.01%). Not only will the draw of having the ability to stream hypothetically any Star Wars or MCU film instantly be appealing for fans, but it also opens up the door for original content to be included later on.

As a part of the strategy, however, Disney last month said it would spend $1.58 billion to acquire majority control of streaming technology company BAMTech.

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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. But just because the service isn't launching til 2019 doesn't mean the movies will remain on Netflix until then.

The big question now is the fate of the Marvel-Netflix series like Defenders, Daredevil, Jessica Jones, Luke Cage, and Iron Fist, as well as the upcoming Punisher. Under debate were the fate of Star Wars and Marvel films, which were made under studios - Lucasfilm and Marvel Studios, respectively - that are both owned by Disney.

Also Read: Who Should Make "Star Wars" Movies - Emperors or Rebels? One will be ad-free and feature Disney and Pixar properties; the other streaming service be ESPN-branded and will offer Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports.

Disney's stock was down about 4 percent after the announcement, and Netflix's stock was about the same, Variety reported. Under that pact, Netflix pays about $200 million per year to Disney, analysts estimate - which is around 3% of Netflix's total projected content budget of $7 billion for 2018.

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