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Disney Pulls Marvel, ‘Star Wars’ From Netflix As Streaming Battle Ignites
By Kylie Woon, 08 Sep 2017
Composite by DesignTAXI, Star Wars, Marvel and Netflix logos via Wikimedia Commons
Disney has pulled Marvel movies and the Star Wars franchise out from under Netflix, the third of a series of blows exchanged between the two entertainment giants.
The decision was announced yesterday by Disney CEO Bob Iger at the Bank of America Merrill Lynch Media, Communications and Entertainment conference, confirming what many have been wondering—what would happen to Disney-owned Marvel and Star Wars franchises in the midst of this content-streaming battle?
The move follows last month’s revelation that Disney planned to launch its own streaming services, thus terminating the lucrative relationship between itself and Netflix. The decision saw the departure of classic Disney and Pixar films from Netflix.
Netflix struck back by inking a major contract with Shonda Rhimes, the creative force behind Grey’s Anatomy, How To Get Away With Murder and other hits that she crafted while with ABC—also owned by Disney.
While ‘The Force’ is officially no longer with Netflix, it was Disney who saw a dip in shares. According to Disney, shares fell by 4.44% following the announcement.
As competition heats and more companies—such as Apple—stake a claim on video streaming services, the public will likely witness more mega film franchises and content creators being caught in the mix as lines are drawn in the sand.
[via Variety, opening image a composite by DesignTAXI, Star Wars, Marvel and Netflix logos via Wikimedia Commons]
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