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

Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

The Live-Action Star Wars Show Will Reportedly Be Very Expensive

Iger noted new Marvel shows are being planned for the upcoming Disney streaming service, which will launch later in 2019, and that the company is heavily focused on the app.

This was the biggie and while things may start out somewhat slow, Disney is going to have a massive library on its streaming service over time.

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?

While the service will feature Pixar, Marvel, Disney and National Geographic content as well as Star Wars, Disney aims to maximise the value of its content investment through its distribution windowing strategy. Disney has seen "noticeable improvement in the rate of (subscriber) loss in each of the last four quarters", he said.

The streaming service is set to launch in 2019 with several programs, including a "live-action version" of "Lady and the Tramp", as well as a live-action "Star Wars" series directed by Jon Favreau that will cost about $100 million for 10 episodes.

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Disney is building the streaming service as more people switch from traditional cable TV bundles to streaming online though services like Amazon and Netflix. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point. "We don't have to be in the absolute volume game", Disney CEO Bob Iger said on an earnings call this week.

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.

Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther".

The one business that saw a drop in revenue was also Disney's smallest segment, Consumer Products and Interactive Media.

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. In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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