Netflix cancels Marvel TV's last two remaining drama series, Jessica Jones and The Punisher, on its streaming service.

Netflix has dumped Marvel TV's last two remaining superhero series on the global streaming service and has cancelled both Jessica Jones and The Punisher.

Netflix's abrupt cancellation follows the cancellations of Iron Fist,  Daredevil,  Luke Cage and the combo-series The Defenders.

An already-produced third season of Jessica Jones will still roll out on Netflix but no date has yet been announced.

"Marvel's The Punisher will not return for a third season on Netflix," Netflix says in a statement.

"Showrunner Steve Lightfoot, the terrific crew, and an exceptional cast including star Jon Bernthal, delivered an acclaimed and compelling series for fans, and we are proud to showcase their work on Netflix for years to come."

"In addition, in reviewing our Marvel programming, we have decided that the upcoming third season will also be the final season for Marvel's Jessica Jones. We are grateful to showrunner Melissa Rosenberg, star Krysten Ritter and the entire cast and crew for three incredible seasons of this groundbreaking series".

"We are grateful to Marvel for five years of our fruitful partnership and thank the passionate fans who have followed these series from the beginning."

Netflix initially went big with the announcement of its partnership tie-up in 2013 but the relationship soured as Marvel's owner, Disney, started to work on plans for its own video streaming service, Disney+ that will be launching later in 2019.

Disney plans to use and create Marvel characters for its own service.

After Netflix's announcement, Marvel TV boss Jeph Loeb published a letter online at Marvel.com saying that Netflix "may have decided they no longer want to continue telling the tales of these great characters but you know Marvel better than that".

"As Matthew Murdock's Dad once said, 'The measure of a man is not how he gets knocked to the mat, it's how he gets back up. To be continued."

Game of Thrones' Finn Jones will be Marvel's new Iron Fist superhero in the next new Netflix superhero drama series following Daredevil and Jessica Jones.

Netflix has revealed its new superhero drama series that will be Iron Fist with Game of Thrones actor Finn Jones putting on a suit to defend New York.

Iron Fist will be another of Netflix's global releases, so South African viewers will be able to watch it on Netflix South Africa, like Jessica Jones and Daredevil.

Iron Fist, based on the Marvel comic, revolves around Danny Rand, a kung-fu master who returns to New York after being missing for years. Besides his martial arts, he can also summon the power of the Iron Fist.

The first season of Iron Fist will have 13 episodes. Netflix has not released a starting date from when the episodes will become available.

"Danny Rand is a very complicated character. He's a billionaire New York Buddhist monk martial arts superhero who's still trying to figure out what exactly that all means,"says Scott Buck, executive producer in a statement.

"Finn is able to play all these levels in such an honest, revelatory way that as soon as I saw him I knew he was our Danny."

Besides Daredevil (second season starts now on Netflix South Africa), Jessica Jones (renewed for a second season) and Iron Fist, there will also be a Luke Cage series.

After the Luke Cage series eventually starts, they will all come together for a miniseries called The Defenders.

"Finn wonderfully blends confidence with vulnerability, making him the perfect choice as he struggles to find his place in the world," says Jeph Loeb, executive producer and head of Marvel TV in the statement.

"Now that we've found our Danny Rand, we've completed our principal cast for the upcoming Defenders on Netflix and we are thrilled to continue to show audiences unexplored corners of the Marvel Universe."