Netflix reportedly remains in “active discussions” with Disney Pictures about a deal that would see them retain the “Star Wars” and Marvel Cinematic Universe films on it service beyond the current deal’s expiry in 2019.
On Tuesday, Disney said it plans to introduce its own direct-to-consumer Disney-branded subscription VOD service in 2019 which will exclusively offer movies from Pixar and Disney Studios starting with that year’s releases.
That won’t change and Netflix will lose the rights to its straight up Disney and Pixar titles at the end of 2019. However, Disney has yet to decide whether it will re-up with Netflix for the Marvel and Lucasfilm movies.
In an interview with Reuters, CCO Ted Sarandos says those films could be bundled into in the Disney-branded service, broken into their own subscription VOD services, or licensed to a third party ala Netflix or HBO.
Netflix’s stock, which had hit record highs recently, has dropped 7% since the Disney deal was announced.