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.
Walt Disney Co (DIS.N) missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.
Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon.
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.
With Disney launching its very own streaming service sometime next year, we know very little about what the industry has taken to calling Disneyflix. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.
On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.
Overall in the quarter, Disney reported net income rose 23 percent, to $2.92 billion, or $1.95 a share. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".