Netflix in Talks with Disney to Keep Marvel, Star Wars Films

Netflix Inc

Netflix Inc

Sarandos believes Disney's new service will be "complementary" to Netflix.

Disney will debut its own branded streaming service for U.S. consumers in 2019 and later expand the service worldwide.

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. It will start putting the movies on a new Disney-branded online service that year.

Netflix CCO Ted Sarandos told Reuters, "we are still in active discussions" with Disney to keep Marvel and Star Wars movies on the service beyond 2019, at which time Disney will launch its own branded streaming service that features various Disney and Pixar films. 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.

Disney's plan to stream its content directly to consumers is "a natural evolution" for traditional media companies that Netflix expected, Sarandos said in an interview at an event to celebrate Emmy nominations for Netflix drama "The Crown".

"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" to license their content, he added.

Disney's decision to launch its own OTT service in the USA won't affect Disney, Marvel or Star Wars content included in Netflix's catalogues across Latin America and Spain.

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