08 September, 2017
Disney's offering is one of many online film and TV options coming from entertainment and tech companies, with more in the works.
Disney announced last month it would launch its own on-demand service in late 2019, and where it would offer animated and live-action family films that now stream on Netflix after they run in theaters and are sold on DVD and in digital stores like Apple Inc.'s iTunes. According to CNBCand Deadline, Disney CEO Bob Iger said at a conference today that the two hit film series would be part of the same streaming bundle. Netflix has been slowly making deals of its own to create its own original content that are not owned or made by Disney or other Hollywood studios.
Iger also narrowed the time frame when the Disney streaming service will launch, saying he expects it will go live in late 2019.
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Although Marvel series produced exclusively for Netflix such as "Daredevil" and "Luke Cage" were not specifically discussed, the announcement appeared to mention the LucasFilm and Marvel "cinematic universes" specifically, The Washington Post reported. The Disney-specific streaming service was only one of its projects, however - there was also news of an ESPN streaming service to be launched by the company in early 2018. He declined to say how much subscriptions would cost. However, in some good news for many fans, he says the company has decided to make Marvel and Star Wars content part of the same app. But just because the service isn't launching til 2019 doesn't mean the movies will remain on Netflix until then. However, it appears they've come up empty in such a request, as both MCU and Star Wars movies will leave Netflix by 2019.
The current plan is for Disney and ESPN streaming services to be available for purchase directly from Disney and ESPN, in app stores, and from authorized pay-TV partners.
Disney shares fell 4 percent after his remarks, to about $97.51 in midday trading.