Disney streaming service to cost much less than a Netflix subscription

Exciting! It seems Disney's streaming service which is set to debut in 2019 is going to make waves as soon as it drops thanks to some huge content additions including a Star Wars series

Disney's CEO said during an investor's call in November 2017 that the upcoming streaming service would be Disney-branded and carry the Disney name, and that the majority of the content on the platform will be Disney original series appropriate for all ages.

It has been announced that Disney will be bringing a new Marvel series to its streaming service that is scheduled to launch in late 2019.

Robert Iger, chief executive of Walt Disney Co, also revealed details of the first shows that will be released. There's at least one Marvel project in the works (this likely won't affect their Netflix shows...at least for now), a Monsters Inc. series, and, unsurprisingly, a Star Wars live action series. Plus, Disney plans to produce four or five movies a year exclusively for the service, Iger said.

"As I've said earlier, we're going launch this thing pretty aggressively", he said on the call Thursday.

"We also believe that our brands and our franchises really matter, as we've seen through Netflix and all other platforms".




Disney is now developing on a standalone streaming service - and it hasn't been shy about discussing it with the media.

Needham analyst Laura Martin said the success of previous acquisitions and the lower streaming-service price point "could be a key strategic driver for the acquisition of FOXA or another large and diversified film and TV library".

Disney reported earnings that fell short of expectations, sending the stock down after hours Thursday. Shares initially fell almost 4% in late trading Thursday, after the top and bottom line misses. For reference, the cost of a Netflix subscription now ranges from $8 to $14 a month.

Netflix is by far the leader in the subscription internet video market.

Ahead of the highly anticipated December 15 premiere of Star Wars: The Last Jedi, Disney has secured a deal with Johnson to develop a brand-new Star Wars trilogy that will be separate from the episodic Skywalker saga. Apple committed to a two-season order of 20 episodes total of the untitled series that will center on the lives of morning TV news stars.

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