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tinyfav.com November 24, 2017


Disney plots Star Wars series for 'Netflix killer'

11 November 2017, 01:26 | Gina Pena

Successful franchise Monsters Inc. inspired the 2013 sequel Monsters University and the more recent short Party Central

Successful franchise Monsters Inc. inspired the 2013 sequel Monsters University and the more recent short Party Central

Still, though Disney intend to start out at a low price - no exact figures are given - Iger indicates subscription rates will go up with time as "a lot of high quality" content is added, much as has been the case with Netflix.

Robert Iger, chief executive of Walt Disney Co, also revealed details of the first shows that will be released.

Fourth-quarter profit at Disney's cable TV unit, the company's single biggest profit contributor, slumped 1.2 per cent to $1.24 billion, hurt by weak advertising sales and higher programming costs for baseball and football at ESPN.

As soon as we know more, we'll let you know, sports fans.

The news about a new Marvel series is not surprising, considering its Disney other most valuable property; though, it does raise the question of what will happen to the studio's other television shows.

Fox's shares soared following the talks with Disney, and the current share price according to Nasdaq (as of the closing bell November 9) is $28.725 for Class A, and $28.13 for Class B.

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Iger said Disney is considering licensing third-party content for the service, "provided the product fits with the Disney brand".

Domestic attendance was still up, by 2 percent, in part due to new attractions, including Avatar Flight of Passage at Disney's Animal Kingdom and the Guardians of the Galaxy - Mission: Breakout ride at Disney California Adventure. But it'll simply launch with less volume, and the price will reflect that.

The earnings report comes amid Disney's alleged negotiations with Fox to acquire some of its entertainment assets.

Netflix, Inc. shares fell $1.10 (-0.57%) in premarket trading Friday.

Mr. Iger also revealed that an ESPN digital offering scheduled for next year will debut in the spring and be called ESPN Plus. A subscription costs £4.99 per month, and now, there are no plans to launch DisneyLife outside of Europe. Rian Johnson, the writer-director of this December's "The Last Jedi", is developing "a brand new Star Wars trilogy" for Disney, the CEO said.

And Iger's comments that online streaming is a "very, very compelling space" also make clear that it isn't Netflix which is being most directly impacted by the rise of other streaming services, but the traditional cable providers. The series was originally ordered for the ABC Family.



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