DISNEY To End Contract With NETFLIX In 2019 To Start Their Own Streaming Service; MARVEL Shows Will Stay Put

DISNEY To End Contract With NETFLIX In 2019 To Start Their Own Streaming Service; MARVEL Shows Will Stay Put

Disney currently has a number of movies and shows on Netflix's streaming services, but the company has announced that they're going to pull content from Netflix in favor of their own steaming service.

By WaylonJones - Aug 09, 2017 10:08 AM EST
Filed Under: Disney
Source: Bloomberg
Disney is set to end its contract with Netflix for the rights to their movies and TV shows starting in 2019. Bloomberg has the announcement from Disney CEO, Bob Iger, who said the company will offer two new streaming services, one for movies and TV shows and the other for ESPN/Sports services.

The sport streaming services will start next year, with the entertainment streaming service beginning in 2019, as stated above. “Our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands,” Iger said in a statement.

Bloomberg points out that this, at least in the short term, will not be too hard of a hit for Netflix. However, there is fear among investors that other movie studios will follow suit. Netflix issued their own statement on the news: “U.S. Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018. We continue to do business with the Walt Disney Company on many fronts, including our ongoing relationship with Marvel TV.”

The biggest question to arise from all of this is: what will happen to the Marvel Netflix shows? As alluded to in the Netflix statement, Luke Cage, Iron Fist, Jessica Jones and Daredevil are staying right where they are. Says Forbes, "The waters of the entertainment business can be muddy, and contracts hard to figure out for the average viewer, but rest assured that the Disney theatrical distribution deal and the Marvel Television development deal are two separate things."

The Defenders
will be the next Marvel Netflix show to feature on the streaming giant, and it will premiere on August 18, 2017.
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knocturnalzen10
knocturnalzen10 - 8/9/2017, 11:14 AM
disney should have enough money soon to revive Walt
mastakilla39
mastakilla39 - 8/9/2017, 12:00 PM
@knocturnalzen10 - or buyout Netflix
HeyZeusKreesto
HeyZeusKreesto - 8/9/2017, 12:07 PM
@mastakilla39 - Well the rumor is they tried to buy them out, but couldn't reach a deal. And that's why they're doing their own thing rather than continuing the Netflix deal. Again, this is a rumor, so who knows how true it is.
billnye69
billnye69 - 8/9/2017, 11:14 AM
Disney wants world domination.
Spock0Clock
Spock0Clock - 8/9/2017, 11:18 AM
@billnye69 - Would that actually be worse than the current situation?

...I'm asking for a friend.
ElVengador
ElVengador - 8/9/2017, 11:20 AM
@billnye69 -
PicolasCage
PicolasCage - 8/9/2017, 11:38 AM
@Spock0Clock - I would gladly welcome Disney overlords compared to the shitshow we're in now
GhostDog
GhostDog - 8/9/2017, 11:16 AM
Disney is becoming too powerful...
knocturnalzen10
knocturnalzen10 - 8/9/2017, 11:27 AM
@BlackBeltJones - basically lol when you're in the running to be comparable to companies who own natural resources or the creator of walmart/castco .......... yea i would be surprised if walt could shot lighting from his hands lol
GhostDog
GhostDog - 8/9/2017, 11:31 AM
@knocturnalzen10 -

Shooting lightning from his hands...
Spock0Clock
Spock0Clock - 8/9/2017, 11:16 AM
Streaming bubble getting pretty big... Not looking forward to the burst.
GhostDog
GhostDog - 8/9/2017, 11:21 AM
@Spock0Clock -

tripttwe
tripttwe - 8/9/2017, 11:16 AM
Aw shit. Say goodbye to DD titles, the Netflix budget, and anything substantial happening with these shows moving forward. Fox 2.0...
Spock0Clock
Spock0Clock - 8/9/2017, 11:20 AM
@tripttwe - This doesn't affect anything like that. Loeb has been making shows for Disney-owned ABC networks, and now several competing streaming services.

Hell, Marvel TV is closer-aligned to the comics than Marvel Studios is.
Melkac
Melkac - 8/10/2017, 10:41 AM
@tripttwe - "Say goodbye to Netflix budget"
Great news. Maybe they'll actually be able to afford costumes now.
rabid
rabid - 8/9/2017, 11:20 AM
Probably all part of a plan to devalue Netflix's stock so they can buy more of it. They already own like a third of it.
Ha1frican
Ha1frican - 8/9/2017, 11:25 AM
interesting, i hope the other streaming stuff like runaways and cloak and dagger ends up here so i dont have to have more than 2 subscriptions... ohhh who am i kidding i dont pay for these things until they come to bluray lol
grif
grif - 8/9/2017, 11:25 AM
netflix has always been shit. and i care nothing for the live action marvel shows so this means nothing to me.
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