Latest in Entertainment

Image credit: Marvel Studios/Disney

'Captain Marvel' will be the first Disney movie exclusive to Disney+

The loss of licensing fees from other streaming services will cost the company $150 million.
1518 Shares
Share
Tweet
Share
Save

Sponsored Links

Disney is pushing through with its plan to stop offering superhero flicks on Netflix after Avengers: Infinity War and Ant-Man and the Wasp. In fact, the next entry to Marvel's Cinematic Universe will mark the end of Disney's relationship with the streaming platform and the beginning of a new era. Company chief Bob Iger has confirmed that Captain Marvel will be the media giant's first title that won't be available on Netflix -- and that's because it's earmarked for Disney+ that's launching later this year.

In a call with Wall Street analysts, Disney CFO Christine McCarthy said the decision to hold back movies and shows from other streaming services could cost the company around $150 million due to the loss of licensing fees. Iger clarified, however, that it's a loss the entertainment titan is willing to take in order to invest in its future.

He explained that the company's decisions revolving around Disney+ are all meant to turn the streaming service into an "important part of Disney's bottom line." To be able to conjure up and offer a robust platform, the company needs to fill it with its intellectual properties -- even better if those IPs aren't available elsewhere. "It's almost the equivalent of deploying capital to build out our theme parks. This is a bet on the future of this business," he said. The media giant doesn't have an exact launch date for the service yet, but it's planning to reveal more information and to show a major demo of the Disney+ platform on April 11th.


Video
Presenter: Michael Morris
Script: Michael Morris
Script Editor: Terrence O'Brien
Camera: Taylor Ligay
Editor: Kyle Maack
Producer: Michael Morris

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
1518 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Rockstar rolls out its own PC games launcher

Rockstar rolls out its own PC games launcher

View
Millions of Americans' medical records are out in the open on the internet

Millions of Americans' medical records are out in the open on the internet

View
The US is suing Edward Snowden over his memoir

The US is suing Edward Snowden over his memoir

View
LG Display's TV and phone screens struggle against cheaper Chinese rivals

LG Display's TV and phone screens struggle against cheaper Chinese rivals

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr