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Star Wars Streaming and Cable Rights Targeted By Disney

Star Wars Streaming and Cable Rights Targeted By Disney

Walt Disney Co.is suffering from seller's remorse.

Disney has been planning to launch its own Netflix-like streaming service for some time now.

If Disney isn't able to get the rights back from Turner, that won't bode well for the streaming service. In 2016, Disney sold the TV broadcast and streaming rights for the first six films to Turner Broadcasting.

However, a source with knowledge of the talks told CNET that while a conversation has taken place about potentially amending the current Turner deal to reflect the current marketplace and business needs, there has so far been no discussion about buying back the rights regarding the cable television window that this deal covers.

Apparently, the Mouse House is hoping to reclaim the Star Wars series so that it may proffer the franchise as part of the extensive back catalogue offered on their forthcoming streaming service, which will be launched sometime in 2019.

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This means that there is a possibility that Disney's streaming service will not include the original Star Wars movies. Although there will be new Star Wars content, fans might think twice about subscribing if they're more interested in the older films.

The deal Disney has with Turner is separate from Disney's Netflix agreement, which now allows Star Wars movies on the latter service.

Nevertheless, while the films that actually broke new ground and blazed the trail will be off the table for potentially half a decade, Disney can rest easy about Star Wars movies. In 2016, Turner paid a sum of $275 million for the movies.

Disney already announced plans to end its deal with Netflix, though the streaming service may continue to stream Disney films made from 2015-2018 for "quite a long period of time thereafter", according to Disney CEO Bob Iger.