Netflix is in active discussions with Walt Disney Company about keeping Marvel and Star Wars films after 2019 when new Disney and Pixar movies will stop appearing on the streaming service, said a senior Netflix executive.
Disney announced on Tuesday that it was pulling new Disney and Pixar films from Netflix starting with its new releases in 2019 and will put the movies on a new Disney-branded online service. Disney Chief Executive 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 Disney owns, at that time.
Netflix Chief Content Officer Ted Sarandos revealed that they are in active discussions with Disney about the possibility of securing a deal to retain the rights to stream Marvel and Lucasfilm releases on Netflix after 2019. Sarandos said he expected Disney’s service would be “complementary” to Netflix, which carries other family-friendly programming such as animated movies from Despicable Me creator Illumination Entertainment and Shrek producer Dreamworks Animation.