Disney to Kick Marvel Movies off Netflix

Tabitha Dunn
August 8, 2018

Regarding the Disney streaming service, Iger offered it will feature content from Marvel, Star Wars, National Geographic and other Disney related content; Iger said the library will develop over time especially once the deal with Fox Studios officially goes through (said to be late spring / early summer 2019).

According to Bob Iger, the service will come out in late 2019. Also, tv show spinoffs for Lady and The Tramp, Monsters Inc.

Stay tuned to Heroic Hollywood for the latest news on Marvel's new live-action series and Disney's upcoming streaming service as we learn it. With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution.

With Disney launching its very own streaming service sometime next year, we know very little about what the industry has taken to calling “Disneyflix”.

The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn.

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.

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Disney shares slipped $1.06 in after-hours trading, to $115.50.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Disney's movie studio enjoyed blockbuster success with "Avengers: Infinity War" and "The Incredibles 2".

Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.

Operating profits in its consumer products unit, the smallest division, slipped 10 percent on an 8 percent drop in revenue - due mainly to lower licensing revenue from "Spider-Man" and "Cars".

Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.

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