Disney’s CEO Gives New Details About The New Disney Streaming Service

09 August, 2018, 02:03 | Author: Heather Diaz
  • Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

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's shareholders and USA regulators have approved the Fox bid. Some reports have said it could be as cheap as $5 a month.

With Disney launching its very own streaming service sometime next year, we know very little about what the industry has taken to calling “Disneyflix”.

Acknowledging that the Fox acquisition will also give Disney a 60% in existing streaming service Hulu as well as the Disney-branded service, Iger said that the company aimed to provide a range of options for consumers rather than to try to combine all its content into a single aggregated play.

It's been one of the bigger mysteries surrounding Disney's upcoming streaming service: what's going to happen to all those Marvel Studios movies now on Netflix? Every MCU movie now hosted on Netflix will be leaving the site, and the next film in the franchise, next March's Captain Marvel, will be the first to head directly to Disney's site instead of Netflix. In the piece we get some insight into what Strauss has planned for the service when it launches next year, including one of its most valued properties, Star Wars.

With Comcast out of the bidding war, Disney is planning to move forward with its $71.3 billion (roughly Rs. 4.89 lakh crores) purchase of Fox's entertainment assets, in part to boost a Disney-branded streaming service set to launch in late 2019.

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Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.

Revenue from the movie and TV production business jumped 20 percent to $2.88 billion (about Rs. 19,800 crores), boosted by a strong box office for "Avengers: Infinity War" and "Incredibles 2".

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Operating profits in its consumer products unit, the smallest division, slipped 10 percent on an 8 percent drop in revenue - due mainly to lower licensing revenue from "Spider-Man" and "Cars".

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