Disney CEO Bob Iger Reveals New Details About Upcoming Streaming Service

The Live-Action Star Wars Show Will Reportedly Be Very Expensive

However a Disney spokesperson also told the Times that as of now there are "no current plans" to also take the Marvel-themed shows that air on Netflix, including Jessica Jones, Daredevil, Luke Cage, The Punisher, Iron Fist, and The Defenders, but "no current plans" speaks for itself.

While the service will feature Pixar, Marvel, Disney and National Geographic content as well as Star Wars, Disney aims to maximise the value of its content investment through its distribution windowing strategy.

While it hasn't been rolled out yet, Disney's streaming service is already generating quite a stir.

We're still not sure exactly when Disney's streaming platform will launch, nor what it'll be called, or how much subscriptions will cost.

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... That means that the first Marvel film to jump straight to the Disney service without a Netflix pitstop will be March 2019's Captain Marvel. This won't affect the budget, as a recent report from the New York Times said the episodes will cost "one hundred million for ten episodes".

Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.

Ontario Premier Doug Ford announces 'Buck-a-Beer' plan
Ford says the province will offer "non-financial incentives" to brewers who lower their prices in time for labour day weekend. The Liberals had cited the government's "social responsibility" mandate for the 25-cent increase in beer prices at the time.

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.

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.

Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.

An upcoming Star Wars TV show might be quite expensive.

Operating profits in its consumer products unit, the smallest division, slipped 10 percent on an 8 percent drop in revenue - due mainly to lower licensing revenue from "Spider-Man" and "Cars".

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