Published: Wed, February 06, 2019

Disney+ takes first swipe at Netflix with Captain Marvel exclusive

Disney+ takes first swipe at Netflix with Captain Marvel exclusive

The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. That's because Disney isn't expected to debut the service until the end of the year. Per The Verge, Disney CEO Bob Iger told investors that Disney wants to move its licensed content to Disney+ and forgo its licensing revenue, which now totals $140 million.

And, that's such a bummer because this year is going to be MASSIVE for Disney. We've known Captain Marvel would not be added to Netflix since this summer when we found Disney's deal with Netflix was officially ending on January 1, 2019. ABC's earnings grew 40 percent. Earnings from the division that includes theme parks, cruise ships and hotels grew 10 percent, Disney said, as revenue advanced 5 percent. Results were buoyed by increased guest spending and higher occupancy rates at Disney's USA theme parks.

"If its existing media assets are churning out good cash and it's able to contain its costs, the video streaming push later this year should make investors excited and help the stock to get out of its current sluggish spell", he said. "There's certainly popularity with those types of films", Iger said. Profit at the movie studio fell 63 percent from strong year-ago levels.

A new division, direct-to-consumer and worldwide, reported a $136 million loss for the quarter.

Walt Disney Company shares rose in after-hours trading on Tuesday as the media and entertainment giant posted earnings and revenue that exceeded Wall Street's expectations, in part due to strength in media networks. No matter where you now stream Disney movies, you can expect them to only be available on Disney+ beginning with Captain Marvel. ESPN is its own brand, and Fox may continue to be its own brand as well.

Iger said it is possible Disney may offer discounts to people who buy more than one of the three streaming services.

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