Netflix says in discussions with Disney over Marvel, 'Star Wars' films

Netflix

Netflix

Netflix, the popular video streaming service, wants to keep the famous Marvel and Star Wars films of the Walt Disney, which itself is launching into the online sphere.

Netflix's move to snap up the comic-book company behind Kick-Ass and Kingsman may have grabbed headlines, but the real news was Disney's decision to pull its films from the streaming service as it looks to launch a USA rival.

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Earlier this week, Disney announced that it was going to end its distribution deal with Netflix - a deal that was made in 2012, but only took effect previous year.

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. Meanwhile, Disney CEO Bob Iger has said there's no distribution plan in place now for Lucasfilm or Marvel Studios, according to Reuters.

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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. Previously the interactive media and Internet company of Major League Baseball, BAMTech was founded in 2000 and provides direct-to-consumer streaming services, data analytics and commerce management with almost 7.5 million total paid subscribers to its clients' OTT products.

Disney is taking its toys away from Netflix and going home, but the SVOD is trying to make sure Disney doesn't get all of them. That is to be followed by a new Disney-branded direct-to-consumer streaming service in 2019.

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The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.18. Finally, Sanders Morris Harris Inc. increased its position in shares of Sanchez Energy Corporation by 6.4% in the first quarter.

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