Disney admits it isn't very good at video games

Disney admits it isn't very good at video games

Disney admits it isn't very good at video games

Except it will have exclusive countless blockbusters from the Marvel, Lucasfilm, Jim Henson, Pixar, National Geographic and Fox catalogs - something that Netflix can't touch.

Disney CEO Bob Iger said Tuesday that ESPN+, the cable sports network's subscription streaming service and a key part of its growth strategy, has amassed more than 2 million subscribers less than one year after its launch. The show will be written by Ilana Peña of Crazy Ex-Girlfriend fame, starring Jane the Virgin's Gina Rodriguez. They haven't yet announced a launch date for the streaming service.

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The move, however, is expected to cost Disney a huge sum of money - CFO Christine McCarthy estimated that the loss of earnings from refraining to license Captain Marvel and other releases in 2019 would cut operating income by around $150 million. "But we think there might be an opportunity for a Marvel-R brand for something like Deadpool".

For those anxious that Disney+ is set to end up region locked similar to Hulu, the company reiterated its plans to expand both internationally, and offer collected bundles that combined the two with sports-focused ESPN+.

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Iger also noted that Disney will make a concerted effort to market any future Deadpool films and other R-rated movies under the Disney and Marvel banners in a very particular way. No matter where you now stream Disney movies, you can expect them to only be available on Disney+ beginning with Captain Marvel. However, he said, there could be room for discounts for people who wanted to sign up for multiple services and Disney's ultimate goal was to have all its streaming services use the same technology platform. The addition of third-party IPs is sure to deal quite the blow to rivals when it lands.

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