Disney expects to take a $150 million hit as it cuts ties with Netflix — and thats okay
Summary
The platform will feature content from "Star Wars," Marvel and Disneys classic films as well as titles from its pending $71.3 billion acquisition of Twenty-First Century Fox . While some of those titles may remain on Hulu, as Disney will own a 60 percent stake in the streaming service after the Fox acquisition closes, it will likely begin phasing out much of its content on Netflix. "Captain Marvel, which is coming out in the second quarter, is the first film that we will withhold from our output deals," Christine McCarthy, chief financial officer at Disney, said during its first-quarter earnings conference call Tuesday. Disney knew that it would take an initial hit from ending these licensing deals, but its upcoming slate of content for Disney+ and its archive of films and television programs are expected to entice customers to sign up for its streaming service. " It has also planned a slate of spinoff television series featuring Marvel characters including Loki, Scarlet Witch and Vision, and Winter Soldier and Falcon.