According to this Variety article: https://variety.com/2019/film/features/fox-disney-earnings-dark-phoenix-stuber-racing-in-the-rain-1203300260/amp/?__twitter_impression=true

When Disney doesn't know what to do with an X-MEN film, it's probably best to just cut losses and put it out on Hulu.

This is the new The Aristocrats. Like tell a joke and end it with New Mutants rather than The Aristocrats.