In August, it was announced that Disney would be launching its own streaming service in 2019. Netflix revealed it was in "active discussions" with Disney to keep Star Wars and Marvel films. Those talks seem to have stalled out as it was announced that both would be moving over to Disney's own streaming service. Don't fear though, as Netflix purchased Millarworld so it'll have plenty of Marvel-analogues to create content from.
Disney CEO Bob Iger made the decision during a Q&A session.
"We've now decided we will put the Marvel and 'Star Wars' movies on this app as well," Iger said during a question-and-answer session at Bank of America Merrill Lynch Media's communications and entertainment conference held at the Beverly Wilshire Hotel.
Netflix Chief Content Officer Ted Sarandos said that their decision to get into original programming five years ago was in anticipation of studios and networks possibly pulling their own content from the service.
Disney's streaming service will be the "exclusive home in the US for subscription-video-on-demand viewing," starting with Toy Story 4 and the Frozen sequel. Other Disney properties will then be added from there.
Iger offered a few more details Thursday about its streaming service, saying Disney plans to produce four or five original movies, as well as an equal number of original series and TV movies. A price for the subscription has not yet been announced, with is set to launch in late 2019.