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08 September 2017, 12:43 | Conrad Doyle
Say Goodbye to Star Wars and Marvel Movies on Netflix
Iger said that a summer discussion with division leaders made him decide that "accelerating our controlling position in BAMTech (Disney's video streaming technology company) would be the smartest thing we could do to contend with the disruptive forces in the media space". Netflix has been ramping up its original offerings in an effort to reduce their dependency on licensing content like Disney hits Zootopia, Finding Dory, and Rogue One.
Disney movies will continue to be available on Netflix for a few years, with only those hitting theaters in 2019 and afterward not appearing on the app. Under that pact, Netflix pays about $200 million per year to Disney, analysts estimate - which is around 3% of Netflix's total projected content budget of $7 billion for 2018.
Iger said at that time that Disney and Pixar movies would move from Netflix to their streaming service, but speculation remained about Star Wars and Marvel films.
It was recently revealed that Disney is going to get themselves into the streaming game in a big way.
The ESPN service will arrive sooner - "sometime this spring", Mr. Iger said - and include, as previously disclosed, thousands of events not now shown on ESPN, including hockey, baseball, tennis, college sports.
It comes as Disney reported a near 9 percent fall in quarterly profit, pulled down by higher programming costs and declining subscribers at its flagship sports channel ESPN.
As much as we love Disney and their properties, subscribing to another service just adds more to the bill.
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