Disney plots Star Wars series for 'Netflix killer'

by Wade Massey November 11, 2017, 0:24
Disney plots Star Wars series for 'Netflix killer'

Disney's CEO, Bob Iger, revealed in September 2017 that Disney has been developing a standalone streaming service to directly compete with Netflix. "It will be substantially below Netflix because we'll have substantially less volume".

Disney executives revealed that its new sports streaming service would be branded ESPN Plus (ESPN+) and be available in spring 2018 through a revamped app and permit subscriptions to thousands of additional live sporting events.

Internet television network Netflix (NFLX) saw its stock retreat to its 50-day moving average on Friday after one-time friend - and now future competitor - Walt Disney (DIS) provided tantalizing details on its upcoming rival streaming video service. No release dates were announced, but those will be in addition to the film coming out this year, a Han Solo-specific movie next year, and Episode Nine in 2019.

On the film studio side, revenue dropped 21% to US$1.4 billion while segment operating income fell US$163 million to US$218 million. A subscription costs £4.99 per month, and now, there are no plans to launch DisneyLife outside of Europe.

"It's becoming an internet TV world", Hastings said, "which presents both challenges and opportunities for Netflix as we strive to earn screen time". The shares are down 1.5 percent this year after a flat 2016, the worst back-to-back years since 2007-2008.

Earlier Thursday, Disney-owned Lucasfilm announced that Rian Johnson, writer/director of the Star Wars: The Last Jedi (in theaters December 15), will create a new Star Wars movie trilogy.

Star Wars has been explored in five animated animated shows over the years, and in three live-action TV specials, including the much maligned Star Wars: Holiday Special. He said the new service will be separate from the ESPN service it is now developing and that ESPN content won't be accessible on it whatsoever.

Marvel is now producing multiple shows for a string of networks and streaming platforms: Agents of SHIELD for ABC, Runaways for Hulu, Legion for FX, The Gifted for Fox and Daredevil, Jessica Jones, Luke Cage, Iron Fist, The Defenders and The Punisher for Netflix. For an idea of what this looks like, the Disney Now app features a "Disney Junior Only" mode. The series was originally ordered for the ABC Family.

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