'Star Wars,' Marvel Movies Leaving Netflix for Disney Streaming Service

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However, in some good news for many fans, he says the company has chose to make Marvel and Star Wars content part of the same app.

The galaxy far, far away won't be going too far away once Disney kicks up its own streaming service.

It will also make four or five original series and three or four "television movies" of the type that now run on its Disney Channel, Mr. Iger added.

The company will also launch its own ESPN video streaming service in early 2018.

Disney's offering is one of many online film and TV options coming from entertainment and tech companies, with more in the works.

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Netflix and Disney originally inked the licensing pact for the USA pay-TV window in 2012, under which Netflix secured streaming rights to the Mouse House's films starting with 2016 releases. Iger also narrowed down the launch window for the new service, saying he anticipates it will be ready by late 2019.

The announcement ends speculation about what would happen to the Marvel and Lucasfilm titles now being streamed on Netflix. After Iger said the company's earnings will be "roughly" the same as a year ago, shares for Disney dropped by 2.9%, according to CNBC.

"It will have the entire output of the studio, animation, live action at Disney, including Pixar, Star Wars, and all the Marvel films", Iger said.

Obviously, the thinking here is that Netflix needs Disney more than Disney needs them. He also said the company plans to launch the app by 2019. "With ESPN, Disney and ABC, we're well positioned". He declined to say how much subscriptions would cost.

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. "We've now decided we will put the Marvel and Star Wars movie on this app as well".