Technology Netflix discussing keeping Disney's Marvel, 'Star Wars' films

10:51  12 august  2017
10:51  12 august  2017 Source:   Reuters

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Netflix discussing keeping Disney ' s Marvel , ' Star Wars ' films -.

LOS ANGELES (Reuters) - 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.

FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas California © REUTERS/Mike Blake/File Photo FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas California 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.

Disney announced on Tuesday that it was pulling new Disney and Pixar films from Netflix, starting with new releases in 2019. It will start putting the movies on a new Disney-branded online service that year.

Disney Chief Executive Officer Bob Iger told analysts the company had not yet decided where it would distribute superhero films from Marvel Studios and movies from "Star Wars" producer Lucasfilm, which the company owns, at that time.

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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.

Netflix Discussing Keeping Disney ’ s ‘ Star Wars ’ Films . Netflix is still in discussions with Disney about retaining rights to stream Marvel and Lucasfilm releases after 2019, chief content officer Ted Sarandos told Reuters.

Netflix is still in discussions with Disney about retaining rights to stream Marvel and Lucasfilm releases after 2019, Chief Content Officer Ted Sarandos told Reuters.

Shares of Netflix were up 1.3 percent at $171.41 in afternoon trading after falling 5 percent in the two days following Disney's announcement.

A Disney spokesman did not immediately respond to a request for comment. 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.

Sarandos said he expected Disney's service to be "complementary" to Netflix, which carries other family-friendly programing such as animated movies from "Despicable Me" creator Illumination Entertainment and "Shrek" producer Dreamworks Animation.

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 his company's 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 break from Netflix applies only to its film deal in the United States, where the streaming service runs new Disney movies shortly after they leave theaters.

(Reporting by Lisa Richwine; Editing by Muralikumar Anantharaman and Lisa Von Ahn)

Obi-Wan Kenobi Is Apparently Getting His Own 'Star Wars' Movie .
It’s starting to feel like there will be a new “Star Wars” movie every year for the rest of our lives. With 2015′s “The Force Awakens,” 2016′s “Rogue One,” and with planned releases for 2017, 2018 and 2019, it’s already hard to remember an era ― a long time ago ― without the franchise annually dominating the box office.Now, The Hollywood Reporter claims that Lucasfilm and Disney are looking to make a standalone movie centered around Obi-Wan Kenobi. Oscar-nominated director Stephen Daldry is in talks to direct, although there is still no script. Variety also confirmed as much.

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