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techkenyot.com October 20, 2018


Disney says its new streaming service won't rival Netflix

08 August 2018, 04:55 | Elsie Buchanan

Disney says its new streaming service won't rival Netflix

Disney says its new streaming service won't rival Netflix

For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix. Also, tv show spinoffs for Lady and The Tramp, Monsters Inc.

"If a consumer wants all three, ultimately we see an opportunity to bundle them from a pricing perspective", Iger said, explaining that the reason for keeping them separate lies in a philosophy that smaller, more consumer-directed bundles seem to be the future of streaming, and trying to aggregate all of Disney's diverse content into one place would likely become unwieldy.

According to the outlet, Captain Marvel - a film that's set to hit theaters on March 8, 2019 - will be the first Marvel movie that will not head to the Netflix streaming platform following its theatrical, digital, and physical release.

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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. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

Stay tuned to Heroic Hollywood for the latest news on Marvel's new live-action series and Disney's upcoming streaming service as we learn it.

Overall in the quarter, Disney reported net income rose 23 percent, to $2.92 billion, or $1.95 a share.

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On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.

Revenue rose 7 percent to $15.23 billion - also missing forecasts. In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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