Published: Wed, August 08, 2018
Life&Culture | By Rose Hansen

Disney to Kick Marvel Movies off Netflix

Disney to Kick Marvel Movies off Netflix

Disney recently secured the rights to X-Men from FOX, and will have to go through AT&T for streaming rights to Star Wars.

Without getting into specifics about how Disney will bifurcate development on all its new goodies between the theater and the living room, Iger emphasized the ongoing importance of feature films, while acknowledging that Fox's new Marvel brands will be vital to the success of its forthcoming digital streaming service. After that, though, all future Marvel Studios superhero films will stream exclusively on Disney's still unnamed service.

Disney is "on track" to launch its Disney-branded streaming service late next year, with "numerous original projects now in various stages of development and production", according to CEO Bog Iger.

According to Bob Iger, Star Wars movies released before next year will not be on the new service.

Disney said the loss at BAMTech, which was consolidated by Disney a year ago and which provides the technology for the ESPN+ streaming service launched in April, reflected higher content and marketing costs and ongoing investment in technology.

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On the small screen, Deadpool and similarly mature content appear destined for Hulu, which Disney said earlier Tuesday (via Variety) will likely serve as the designated landing spot for R-rated entertainment in its corner of the streaming space.

Come 2019, Disney will do its best Thanos impression and snap their movies up from Netflix.

In the fiscal third quarter, Disney's net income rose 23 percent to $2.92 billion (around Rs. 20,000 crores), or $1.95 (about Rs. 133) per share, from $2.37 billion (roughly Rs. 16,300 crores), or $1.51 (around Rs. 104) per share, a year ago.

Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion. Previously, only pre-visual work was used for Star Wars. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.

Disney, which has been pushing up prices at its theme parks in recent years, saw the latest price hike lead to a slim 1 percent gain in U.S. theme park attendance in the period - down from an 8 percent increase last year - while hotel occupancy rates dropped to 86 percent from 88 percent. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".

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