Disney’s CEO Gives New Details About The New Disney Streaming Service

Disney’s CEO Gives New Details About The New Disney Streaming Service

Disney’s CEO Gives New Details About The New Disney Streaming Service

Iger did not reveal the exact price for the service, but he did say Disney's streaming service will cost "significantly less" than Netflix.

Iger said he did not believe the launch of an OTT TV service would complicate Disney's relationship with its distribution partners and said traditional distributors were "very, very interested in distributing our D2C products" just as they increasingly distribute Netflix.

On the small screen, Deadpool and similarly mature content appear destined for Hulu, which Disney said earlier Tuesday (via Variety) will likely serve as the designated landing spot for R-rated entertainment in its corner of the streaming space.

Disney's movie studio enjoyed blockbuster success with "Avengers: Infinity War" and "The Incredibles 2".

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. Much like Netflix, the company will produce numerous exclusive full-length movies for the service. But when Disney announced the launch of its own streaming service, it effectively severed ties with Netflix. The average estimate of four analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.97 (roughly Rs. 133) per share.

Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.

Directed by JJ Abrams, Star Wars: Episode IX stars Daisy Ridley, Adam Driver, John Boyega, Oscar Isaac, Lupita Nyong'o, Domhnall Gleeson, Kelly Marie Tran, Joonas Suotamo, Billie Lourd, Anthony Daniels, Mark Hamill, Billy Dee Williams, and Carrie Fisher, with Naomi Ackie and Richard E. Grant.

Disney, which has been pushing up prices at its theme parks in recent years, saw the latest price hike lead to a slim 1 percent gain in U.S. theme park attendance in the period - down from an 8 percent increase last year - while hotel occupancy rates dropped to 86 percent from 88 percent.

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