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Netflix's Marvel Series May Be Moving to New Disney Streaming Service

Netflix's Marvel Series May Be Moving to New Disney Streaming Service

That latter piece came as part of the unfolding story of Disney's upcoming streaming service, which has raised a lot of questions about Marvel's future. As it stands right now, the first major release of 2019 will be Tim Burton's Dumbo which is scheduled for release March 29.

"No other company in entertainment today is better equipped to meet the challenges of a changing world or better positioned for continued growth thanks to our collection of brands", Iger said on the call.

Disney chairman-CEO Bob Iger announced the "Star Wars" news during the company's quarterly earnings call. That equals about $6.50 American dollars.

Netflix now offers three different subscription tiers to US subscribers: a basic plan for $7.99 a month, a premium plan at $10.99, and an ultra premium plan for $13.99.

"Our goal here is be a viable player in the direct-to-consumer space, space that we all know is a very, very compelling space to be in", he added. As a result, Disney's extensive library of content, including Marvel and Star Wars titles, will be pulled from Netflix starting in 2019.

Disney touted the box office success of two new Star Wars films and expressed confidence that "The Last Jedi", set to debut in theatres next month, would be a hit. It should be noted that these films are coming from the studios and not Disney Channel.

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Mr Iger fleshed out Disney's plans to enter the booming on-demand television market in... That being said, Disney Channel will also contribute films for the service.

During the call, Iger also revealed plans to develop TV spin-offs for Pixar classic Monsters Inc and High School Musical, as well as more shows within the Marvel Universe.

On the film studio side, revenue dropped 21% to US$1.4 billion while segment operating income fell US$163 million to US$218 million. It's unknown if this will impact TCM's Treasures from the Disney Vault series.

The Mouse House seems to be hoping fans will buy into the idea that its service, though far lighter on content, will be all killer and no filler.

Marvel is now producing multiple shows for a string of networks and streaming platforms: Agents of SHIELD for ABC, Runaways for Hulu, Legion for FX, The Gifted for Fox and Daredevil, Jessica Jones, Luke Cage, Iron Fist, The Defenders and The Punisher for Netflix.