In a report from Deadline, Disney’s CEO Bob Iger confirmed it and Disney’s CFO Christine McCarthy also predicted that in the short run, the decision to stop providing Netflix with Marvel movies and shows could result in an operating loss of $150 million. However they believe that this is only a short-term loss. According to Iger, “What we’re basically trying to do here is invest in our future.”
He also notes that Disney’s decisions are “all designed so that long-term this business will become an important part of Disney’s bottom line”. Disney is expected to launch their own streaming service later this year called Disney+ where it will play home to Marvel movies and Tv shows, which could explain why Netflix has been cancelling its original Marvel TV shows.
Last year it was reported that Ant-Man and the Wasp would be the last Marvel movie to be made available on Netflix, and this report basically confirms that. We’re sure that some will be disappointed, but perhaps Disney+ could prove to be attractive enough for you to subscribe to it.