Netflix's Marvel Series May Be Moving to New Disney Streaming Service

Streaming Dreams Drove Disney's Interest in Fox Assets

Disney CEO Bob Iger reveals Star Wars, High School Musical, and Monsters, Inc. will all get series on new streaming service

Coming Soon reports that a new live-action Star Wars TV series will debut on Disney's upcoming streaming service when it launches in 2019. "That is in part reflective of the fact that we'll have substantially less volume". Netflix now charges between $8 and $12 a month.

Still, though Disney intend to start out at a low price - no exact figures are given - Iger indicates subscription rates will go up with time as "a lot of high quality" content is added, much as has been the case with Netflix.

A similar ESPN streaming product will launch spring 2018, Iger said, fueled by Disney's $3.75 billion acquisition of the BAMtech digital platform from Major League Baseball.

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"In shepherding this new trilogy, which is separate from the episodic Skywalker saga, Johnson will introduce new characters from a corner of the galaxy that Star Wars lore has never before explored", DIsney said in a statement.

Other assets of Fox that would fall under Disney's influence if a merger is successful include the FX Channel, NatGeo Channel and Sky Television - Europe's biggest media company - in addition to Fox's film studio. But "affiliate revenue" from cable and satellite-TV operators increased.

Disney shares (DIS) were up more than 2.5% Friday to $105.38. Sales of programs to other outlets also fell in the latest quarter.

It also saw subscriber losses. Disney owns minority stakes in both.

Media Networks revenues were also down 3% to $5.5 billion.

Even with the buyout potentially cancelled there is still a chance for movie crossovers.

Disney has dominated the box office in recent years, delivering hits from Pixar, Marvel, and Lucasfilm, which it acquired in 2006, 2009, and 2012, respectively. "We've now decided we will put the Marvel and "Star Wars" movies on this app as well".

Total capital spending in fiscal 2017, which ended September 30, was a little more than $3.6 billion - $3.2 billion of which went to parks and resorts. Although profit rose, Hurricane Irma forced Disney to close its four Orlando, Fla., parks for two days and cancel three cruises.

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