Disney says its new streaming service won't rival Netflix

08 August, 2018, 16:57 | Author: Irvin Gilbert
  • Disney's live-action Star Wars series could cost whopping $100M

In order to compete with those services, Disney is acquiring Twenty-First Century Fox's film and entertainment assets - and it is developing a streaming service that will incorporate Disney and Fox content. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix.

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?

The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn.

USA regulators approved the deal in May.

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This confirms what has been suspected all along, that the streaming rights would kick over for all of Disney's movies starting in 2019 and beyond.

It was also confirmed that there will be original shows created for the platform, including the much anticipated Star Wars live-action series. 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.

Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon. 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. The average estimate of four analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.97 (roughly Rs. 133) per share.

Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".

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