Netflix was trying to reach a deal with Disney that would have let it keep Star Wars and Marvel content past 2019, but Disney CEO Bob Iger has confirmed those movies will indeed leave the streaming service. Netflix had been fighting to keep the content during the past month.
Disney is going to launch its own streaming service in late 2019. Netflix will lose Disney's library as a result.
This is a significant hit for Netflix given the popularity of Marvel and Star Wars films. Netflix is also heavily involved with the Marvel universe due to its original shows, yet it'll no longer be able to offer movies from that universe.