Published: Thu, August 09, 2018
Culture | By Antonia Gonzales

Not the Streaming Deal ‘Star Wars’ Fans Are Looking For

Not the Streaming Deal ‘Star Wars’ Fans Are Looking For

Disney's shareholders and U.S. regulators have approved the Fox bid. Yes, I know. We've known about the transition that Disney will be making away from Netflix into their own streaming service for quite some time now, but thanks to a new report from the New York Times, we now have some semblance of an idea of when that will be...sort of.

The biggest competitor in movie and television streaming is about to emerge with Disney going head-to-head with Netflix and Hulu as it launches its own, exclusive streaming service.

Iger also touched upon competing with Netflix, but said they won't compete with Netflix in terms of volume, but will focus on quality with films and shows from Marvel, Star Wars, Pixar and more.

Iger, on a post-earnings webcast, said growth of smaller channel bundles delivered online had helped make up for customers dumping larger cable packages. It has remained secretive, which is more or less the norm for the brand. The studio entertainment division provided much of the uplift, with revenues growing 20% to US$2.9 billion.

What exactly all this means for the Marvel movies now on Netflix is a little unclear.

Disney recently secured the rights to X-Men from FOX, and will have to go through AT&T for streaming rights to Star Wars.

Even though the Disney streaming service won't initially have Star Wars, they will still have a considerable amount of powerful brands to justify launching the service.

Content for the Disney service will include the first live-action Star Wars TV series, reportedly costing US$100 million for 10 episodes, and new episodes of the Star Wars: Clone Wars animated series.

Disney CEO Bob Iger has revealed that Disney has plans on how to incorporate their purchased Fox properties such as X-Men, Deadpool, and The Fantastic Four.

Despite record-breaking box office performances from titles like "The Incredibles 2" and "Avengers: Infinity War", Disney's third-quarter earnings missed analyst projections, the company announced on Tuesday, reporting earnings of $1.87 per share. Excluding one-time items like a benefit from lower federal tax rates, income was $1.87 (roughly Rs. 128) per share.

Revenue rose 7 percent to $15.23 billion - also missing forecasts. Parks and resorts was up 6% to US$5.2 billion while media networks rose by 5% to US$6.1 billion and consumer products and interactive media dipped by 8% to US$1 billion.

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