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. The service will not, however, carry the volume of content found on Netflix, Iger added.
While it hasn't been rolled out yet, Disney's streaming service is already generating quite a stir. Disney is awaiting regulatory approval overseas. If the Fox deal closes, it will have a controlling stake in Hulu, which offers a broad array of programming starting at $8 (around Rs. 550) a month. For now, Disney has sold the rights to these movies to places like Netflix. That ultimately gives Disney more data to gauge its audience.
There's no way Disney's streaming service won't experience a few hiccups upon launch, but as long as it has the company's biggest blockbuster titles on there, subscribers will flock to it. "There will be a significant amount of support given across all of our assets to see to it that the product launches successfully".
New content will be created for Disney's streaming service for Star Wars, Marvel, and live-action versions of animated features such as Lady and the Tramp and The Sword in the Stone.
When Thanos snapped his fingers he halved the universe's population, but that seems like mercy compared to what Disney will be doing to Netflix when the Mouse House launches its very own streaming service next year, because Disney will be moving every movie from the Marvel Cinematic Universe to its own site.
Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.More news: LeBron James adds Showtime documentary to TV portfolio
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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. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95.
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.
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.
That is unless he was one of Thanos' victims who also vanished into dust.
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 USA 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.