'Captain Marvel' will skip Netflix, make streaming debut on Disney+

'Captain Marvel' will skip Netflix, make streaming debut on Disney+

Shares of Disney rose 1.8 percent to $114.70 in after-hours trading.

Disney has reorganized its divisions for its streaming future, and Tuesday's earnings report was the first to reflect the company's new structure.

On a call with investors, Disney Chairman and CEO Bob Iger said that Disney will continue to make R-rated Deadpool movies and other adult-oriented Marvel adventures after it absorbs much of Fox. ABC's earnings grew 40 percent.

"Disney's earnings momentum shows that the company will be entering a highly competitive video-streaming market from a position of strength", said Haris Anwar, senior analyst at Investing.com. This is more than double where it was five months ago.

Parks have been Disney's profit mainstay as the company navigates this transition.

Despite everything, EA and Disney are pushing forward with a new video game: Star Wars Jedi: Fallen Order from Titanfall studio Respawn Entertainment, which is owned by EA.

A new division, direct-to-consumer and worldwide, reported a $136 million loss for the quarter.

Disney also is in the process of buying film and TV assets from 21st Century Fox Inc to expand its portfolio.

"The increase in operating loss was due to the investment ramp-up in ESPN+, which was launched in April 2018, a loss from streaming technology services and costs associated with the upcoming launch of Disney+, partially offset by an increase at our global channels and a lower equity loss from our investment in Hulu", the company said. Asked about the growing number of states who are legalizing sports betting, Iger said he expects ESPN will cover the industry and provide information to bettors, but added it was unlikely that Disney would become an active participant in the gambling space. Disney confirmed that the first Marvel movie of the year will not be available on the world's most popular streaming service.

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