Disney promise its streaming TV service will be cheaper than Netflix

Walt Disney Co

Walt Disney Co

If you feel that Netflix charges users a bit too much for its streaming content, don't worry, Disney's CEO thinks so too.

Disney streaming service is set to launch in 2019, and Netflix Inc, Inc.

In Disney's quarterly earnings call, CEO Bob Iger said that it will create several TV shows that will air exclusively on Disney's streaming service. "That is in part reflective of the fact it'll have less volume", added Disney's top executive. And it's looking to do that at a cheaper, more appealing price point that takes square aim at Netflix.

Some of those shows will reportedly include a live-action Star Wars series, a spinoff of Monsters Inc, and a project based on the hit High School Musical franchise.

"We're also planning to produce a number of original series for the new service", he commented.

It was a big week for Star Wars fans, as several new additions to the universe were announced.

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

"As I've said earlier, we're going launch this thing pretty aggressively", he said on the call Thursday. It's not a insane idea; Netflix would continue to benefit from new Marvel material, the MCU could spin out more street-level heroes, and Disney keep some distance from the violent material while still reaping the reward of their success.

According to The Wall Street Journal, any new Marvel shows will probably be exclusive to Disney's streaming service, which is likely to debut in 2019.

Lucasfilm announced plans for a new movie trilogy with Rian Johnson late Thursday, but we'll soon have even more Star Wars to look forward to.

"In shepherding this new trilogy, which is separate from the episodic Skywalker saga, Johnson will introduce new characters from a corner of the galaxy that Star Wars lore has never before explored", DIsney said in a statement.

Where will it be available?

Its most popular plan, which allows high-definition video streaming on two devices at a time, costs $10.99 a month. Netflix ended the September quarter with 109.25 million streaming subscribers worldwide, including 52.77 million in the US and 56.48 million in global markets.

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