This is the amount Disney is expecting to lose from forgone licensing revenue, the money Disney is missing out on by holding back titles, like Captain Marvel, from after-market sales to companies like Netflix.
Furthermore, it’s affected by the recent cancellation of Netflix’s Marvel series, including Luke Cage, Daredevil, and Iron Fist.
What Christine McCarthy is saying here is that Disney will eat $150 million in lost operating income in the 2019 fiscal year, most of it coming in the second half.