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

Disney's live-action Star Wars series could cost whopping $100M

Expect more details about the lifespan of Marvel movies on Netflix as Disney gets closer to launching the service, and also keep an eye on if Doctor Strange and Guardians of the Galaxy Vol. 2 get their full 18-month tenure on the service... This, as Disney CEO Bob Iger noted, will be reflected in the price. Old Disney movies and over 5,000 episodes of Disney television shows will fill out the service's offerings.

This confirms what has been suspected all along, that the streaming rights would kick over for all of Disney's movies starting in 2019 and beyond. Exactly what that means is not set in stone.

There is still some time until Disney's streaming service launches and becomes huge, but it's going to happen an today's earnings call is evidence of it. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix.

Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.

Regarding the streaming service, Iger said that Disney aimed to be in the "quality game" rather than the "volume game" in populating it, although it will also include a "significant amount" of library content.

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.

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 United States 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. The show will focus on all new characters from the Star Wars universe and will take place roughly 3 years after the Battle on Endor.

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars". In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.

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