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Marvel and Star Wars films will be Disney streaming exclusives

Marvel and Star Wars films will be Disney streaming exclusives

Disney CEO Bob Iger has announced that the company will be bringing its Marvel and StarWars films to their new streaming service, causing another possible blow to Netflix.

Iger also narrowed the time frame when the Disney streaming service will launch, saying he expects it will go live in late 2019.

Iger told investors to "think of the Disney app as a traditional SVOD service", or streaming video on demand service, in the vein of Netflix. There's no word yet on the ultimate fate of the many Netflix-exclusive Marvel TV shows (Daredevil, Jessica Jones, Luke Cage, Iron Fist, The Punisher, The Defenders).

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. Disney will produce films and television shows exclusively for the Disney/Pixar app. First, he announced that the product would not be offered in the US until late 2019. After Iger said the company's earnings will be "roughly" the same as previous year, shares for Disney dropped by 2.9%, according to CNBC.

Netflix will not get Lucasfilm's "Star Wars" or Marvel Entertainment films beginning with 2019 releases.

Cameroon coach Hugo Broos admits World Cup hopes are gone
As if that was not enough, Mikel Obi , with a corner kick taken by Victor Moses , slipped in the second goal at the 41 minute. They visit Cameroon on Monday, with a draw putting them in position to start preparing for the 2018 World Cup finals.

Disney's content now on Netflix will stay on the platform until 2019. Rhimes, the Grey's Anatomy and Scandal creator, has spent more then a decade at Disney's ABC.

As much as we love Disney and their properties, subscribing to another service just adds more to the bill. Indeed: the "Kids" section of Netflix's service is probably in the biggest danger from this new Disney venture.

Successfully launching the new digital services is one of Mr. Iger's two top priorities in the remaining two years before his planned retirement in 2019, he said, along with lining up a successor for his own job.

Also Read: Who Should Make "Star Wars" Movies - Emperors or Rebels?

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