Disney releases important details and launch of new streaming service

Disney releases important details and launch of new streaming service

Disney releases important details and launch of new streaming service

This will include not only Marvel films, but all of the Star Wars movies and Disney releases as well.

As Iger explained, it will take time for Disney to get everything on their exclusive service, especially since many properties, like every Star Wars film released prior to the streamer's launch, still have distribution deals with other outlets. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

There is still some time until Disney's streaming service launches and becomes huge, but it's going to happen an today's earnings call is evidence of it.

Disney anticipates incorporating content from all of its brands into the new service, including Jim Henson's The Muppets, Pixar, Marvel, Lucasfilm, and National Geographic, the latter of which will also come to Disney through the Fox purchase. "Having earned the overwhelming support of shareholders, we are more enthusiastic about the 21st Century Fox acquisition than ever, and confident in our ability to fully leverage these assets along with our own incredible brands, franchises, and businesses to drive significant value across the entire company". Pretty much, Marvel movies hit Netflix eight or nine months after their theatrical debut, and all that really proves is that Captain Marvel would normally likely hit around November or December 2019...which is perhaps a little after we expected their service to hit.

More news: SAFD sending crew to help battle deadly Carr Fire in California

In the works for the Disney service are a live-action "Star Wars" series, new episodes of the animated "Star Wars" series "Clone Wars", a live-action version of "Lady and the Tramp", and new series related to the "High School Musical" and "Monsters Inc." movies. But when Disney announced the launch of its own streaming service, it effectively severed ties with Netflix. Disney is reportedly in heavy negotiations with Turner broadcasting for rights to all Star Wars movies up through "Solo: A Star Wars Story".

Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.

Revenue rose 7 percent to $15.23 billion - also missing forecasts.

Related news

[an error occurred while processing the directive]