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Netflix woos Walt Disney to keep Marvel superheroes and Star Wars

Netflix woos Walt Disney to keep Marvel superheroes and Star Wars

Disney will debut its own branded streaming service for U.S. consumers in 2019 and later expand the service worldwide.

Just days after the news broke that Disney is pulling its films from Netflix, sources say the streamer is in active talks to land the OTT rights to Marvel Comics and Lucasfilm offerings in the US.

Disney Chief Executive Officer Bob Iger told analysts the company had not yet decided where it would distribute superhero films from Marvel Studios and movies from "Star Wars" producer Lucasfilm, which the company owns, at that time.

A Disney spokesman did not immediately respond to a request for comment.

The two companies are apparently in "active discussions" for the properties, according to Netflix CCO Ted Sarandos, who's expressing a very "Eh, that's the way it goes" attitude toward the loss of films like Frozen and Moana from his company's streaming libraries.

Disney's plan to stream its content directly to consumers is "a natural evolution" for traditional media companies that Netflix expected, Sarandos said in an interview at an event to celebrate Emmy nominations for his company's drama, "The Crown".

Disney's decision to launch its own OTT service in the U.S. won't affect Disney, Marvel or Star Wars content included in Netflix's catalogues across Latin America and Spain.

"That's why we got into the originals business five years ago, anticipating it may be not as easy a conversation with studios and networks" offered Sarandos.