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Disney says its new streaming service won't rival Netflix
08 August 2018, 04:55 | Elsie Buchanan
Jon Favreau Star Wars Series Has a $100 Million Budget
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.
Trump Tweets 'Tariffs Are Working,' Can Pay Down Debt
China is proposing a 25% tariff on imports of United States liquefied natural gas, a major blow to an emerging American business. Similar to crude oil and LNG, coal was another area where Trump could have made a difference to USA exports to China.
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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Gates' earlier testimony on Tuesday, meanwhile, centered on how Ukrainian businessmen paid Manafort for his consultancy work. Downing also asked Gates if he had submitted personal expenses to President Donald Trump's inaugural committee.
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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Armed men attack US envoy's cars in Dhaka
How have the students organised themselves? "We can't let people burn our vehicles in the name of protests", he said. On Thursday, Bangladesh's education ministry shut down high schools and colleges in an effort to quell the unrest.
Syrian conflict: Government scientist killed in blast
A top scientist at one of Syria's secret chemical weapons and missile bases has been killed in a suspected auto bombing. More than 350,000 people have been killed and millions displaced since the start of Syria's civil war in 2011.