The new version of ‘The Treasure Island’ with Ridley Scott at the helm and Hugh Jackman as Long John Silver will not see the light under Disney’s umbrella. 20th Century Studios, his own division, has said no. The motive, although surprising at first glance, responds to a relentless corporate logic: adaptation competes directly with ‘Piratas del Caribe’, the franchise that the Mouse House has been trying to resurrect for years. In a market where …