Barron's Senior Editor Jack Hough and Capital Wave Strategist Shah Gilani on Disney's plans to compete against Netflix in streaming. Per The Verge, Disney CEO Bob Iger told investors that Disney wants to move its licensed content to Disney+ and forgo its licensing revenue, which now totals $140 million.
According to Variety, Iger said, "We will continue in that business", while noting, "there's certainly popularity" with those types of films. They haven't yet announced a launch date for the streaming service.
In a call with Disney investors, Iger issued his pledge to maintain the status quo with Deadpool 3. Iger explained that to differentiate between R-rated movies and more family-friendly fair the company will "carefully brand" those films.
Iger also said that Disney was looking "more aggressively at global rollouts of Hulu" once it increased its stake in the streaming outfit as a result of its acquisition of Fox's entertainment business. That may seem like a huge shock, but it was always bound to happen because Disney is looking to steer streamers to the upcoming Disney+ streaming service, which will exclusively carry Captain Marvel's hotly anticipated origin story movie.
"In terms of making decisions about where content goes, since we are betting on this direct-to-consumer business long-term we obviously need to fuel it with intellectual property", he said.
This isn't the first time Iger has hinted at the future of "Deadpool" and other R-rated Marvel content.
One of the franchises that Disney will get when its deal to buy the bulk of 20th Century Fox's assets is complete is the Deadpool series.
What we know: We're already aware of some products that will debut on Disney Plus.