Culture&Arts

MCU Movies to Move from Netflix to Disney's Streaming Service

MCU Movies to Move from Netflix to Disney's Streaming Service

That is according to Disney CEO Robert Iger, who said during a conference call with investors Tuesday that the Disney-owned ESPN and co-owned Hulu apps would serve different audiences to the audience who are looking for family-friendly Disney entertainment fare - but that the company has already considered how to best serve those consumers who exist in the overlapping section of the apps' Venn diagrams. Pretty much, Marvel movies hit Netflix eight or nine months after their theatrical debut, and all that really proves is that Captain Marvel would normally likely hit around November or December 2019...which is perhaps a little after we expected their service to hit. Will the MCU films be enough to sway you over to Disney's eventual streaming service? With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution.

"The price will reflect a lower volume of product, as will the cost of producing and owning that content", Iger explained.

Actor and director Jon Favreau (Iron Man, The Jungle Book) is now hard at work executive producing and writing a live-action Star Wars TV series for Lucasfilm and Disney's new direct-to-consumer streaming service.

Like with its Marvel films, Disney had previously licensed the streaming rights for its Star Wars titles, including Star Wars: The Force Awakens and Star Wars: The Last Jedi. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix.

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

Revenue from the movie and TV production business jumped 20 percent to $2.88 billion, boosted by a strong box office for "Avengers: Infinity War" and "Incredibles 2". In the final minutes of trading on Tuesday, shares hit $116.56, an increase of nearly 10 percent from a year ago.