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'Star Wars' and Marvel Movies Will Headline Disney's Streaming Service

'Star Wars' and Marvel Movies Will Headline Disney's Streaming Service

Iger confirmed Marvel and Lucasfilm movies will move from Netflix to the Disney streaming platform, set to launch in 2019.

According to The Wrap, Disney CEO Bob Iger announced the content plans for the upcoming service at the Bank of America Merrill Lynch conference in Beverly Hills on Thursday.

Some of Netflix's more popular original shows are the ones it's produced with Marvel - series like "Daredevil", "Jessica Jones" and "Luke Cage". There is also a chance that worldwide versions of the service will launch before the US launch due to streaming rights clearances. Families with children aged toddler to teen would arguably have much more incentive to pay for a Disney streaming service that could offer animated fare and TV content for kids, and fantastical superhero and sci-fi content for teens, than the more adult offerings of Netflix.

Iger added the service would debut with a few original Disney movies and series. At the time, many thought that meant only Disney and Pixar features, with Marvel and Star Wars continuing to stream at Netflix.

Disney earned $5.72 per share a year ago.

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That said, this could ultimately force fans to chose between Disney and Netflix.

Disney will also next year launch a direct-to-consumer ESPN sports service. However, it still does not answer the question of what will happen to shows on ABC, Disney Channel, Disney XD.

Investors weren't pleased at all with the EPS outlook, as Walt Disney Co shares were trading at $96.41 per share on Thursday afternoon, down $5.09 (-5.01%).

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. The disposition of the Star Wars and Marvel movie franchises has not been announced previously.

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