Disney wants to undercut Netflix's price ahead of 2019's streaming war


Deadline reports the company is developing new TV shows for their upcoming digital streaming service.

They include a live-action Star Wars series, plus television series based on High School Musical and Monsters Inc.

The news that spinoffs of the Netflix shows will remain separate from Disney's streaming service is crucial, as it holds the promise for series based on Heroes for Hire and Daughters of the Dragon. Iger also revealed that Disney's new service will be priced "substantially below" Netflix, at least when it initially launches.

Furthermore, the studio will produce "four or five" movies a year, exclusively for the Disney service. At this time we do not know what time period the show will be set in.

The Netflix deal allowed the MCU to tackle characters and stories they would never touch in their family-friendly films, and with all new Marvel shows being limited to Disney's streaming service and networks like ABC and Freeform, it's unlikely we'll see any more like them.

Fourth-quarter profit at Disney's cable TV unit, the company's single biggest profit contributor, slumped 1.2 per cent to $1.24 billion, hurt by weak advertising sales and higher programming costs for baseball and football at ESPN.

The company's overall Q4 revenue slid 3% to US$12.8 billion versus the same quarter a year ago.

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It's unclear how this will affect DisneyLife, Disney's own subscription service in the United Kingdom - where you cannot only watch the studio's movies and TV shows on demand and streamed to phones, tablets, computers, and TVs, as well as gain access to an extensive library of eBooks, audio books, and music.

Shares of Disney are up 14.26% over the past year.

Johnson helmed "Star Wars: The Last Jedi", which is due out next month.

Ms. McCarthy said results for the current fiscal year, which began October 1, will be "suppressed somewhat", by $130 million in costs related to the consolidation of and investment in streaming technology company BamTech, as well as $100 million of increased investment in Hulu.

"No other company in entertainment today is better equipped to meet the challenges of the changing world or better positioned for continued growth thanks to our collection of brands, our strong franchises and our unique ability to leverage IP across our entire company to maximize value and create new opportunities", Iger said.

Disney reported earnings that fell short of expectations, sending the stock down after hours Thursday.