Netflix future in doubt as Disney looks to take back control

Marvel and Star Wars films will be Disney streaming exclusives

Per Variety, CEO Bob Iger made the announcement during a question-and-answer session at the Bank of America Merrill Lynch Media, Communications, and Entertainment conference in Beverly Hills, California.

Mr. Iger said Disney is also working on five original, live-action, Disney-branded movies that will be delivered exclusively through the service.

However, Netflix has said that it plans to continue its partnership with Marvel Television on creating original series. "The studio library will be available on app".

Starting in 2017, Netflix became the exclusive subscription streaming home of all new Disney movies. The former will be launching sometime in 2019 with the latter being targeted for an early 2018 date. 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.

"Star Wars" and the Marvel comic-book movies will join Disney's upcoming streaming service, potentially giving it broader appeal beyond families with young children. In August, Netflix announced it had acquired Millarworld, formed by famed comic book writer Mark Millar that has released a number of acclaimed titles, many of which have been adapted into feature films (Wanted, Kingsman, and others).

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Also Read: Who Should Make "Star Wars" Movies - Emperors or Rebels?

The Disney app will launch after Disney's film output deal with Netflix ends.

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.

Disney is just beginning work on the digital service, which will be offered directly to consumers over the internet, and has yet to announce how it will be priced. In addition to including every CBS show known to man, All Access is the home of The Good Wife spinoff The Good Fight as well as their new Star Trek series Discovery.

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