Disney Says Its New Streaming Service Won't Rival Netflix

Share
Disney Says Its New Streaming Service Won't Rival Netflix

According to the earnings call, the new Disney streaming service will be cheaper than Netflix.

Rising theme park ticket and food prices weren't enough to offset increased costs at Disney during the second quarter - helping to produce adjusted earnings per share that missed Wall Street expectations.

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.

Iger did not reveal the exact price for the service, but he did say Disney's streaming service will cost "significantly less" than Netflix.

Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon.

This was the biggie and while things may start out somewhat slow, Disney is going to have a massive library on its streaming service over time. "We don't really want to go to market with an aggregation play that replicates the multi-channel environment that exists today", he said.

Iger said that "Disney Play" would be "family-oriented" and would appeal to a different segment than Hulu.

Iger said he did not believe the launch of an OTT TV service would complicate Disney's relationship with its distribution partners and said traditional distributors were "very, very interested in distributing our D2C products" just as they increasingly distribute Netflix. Disney's shareholders and United States regulators have approved the Fox bid.

Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther". In the piece we get some insight into what Strauss has planned for the service when it launches next year, including one of its most valued properties, Star Wars.

Within media networks, broadcasting performed strongly both in terms of revenue and operating income growth while cable networks recorded flat revenue and a 5% dip in operating income, pushed down by losses at the company's BAMTech division.

Share

Advertisement

Related Posts

Carrie Underwood announces pregnancy, tour dates
She also opened up about having "a few more downs than ups last year" after a scary fall left her with a broken wrist and 50 stitches in her face.

Makenzie Noland has graduation photo taken with alligator Big Tex
Makenzie Noland, a Texas student, poses for her graduation photo in cap, sash and - somewhat unusually - with an alligator. The Gator Rescue centre in Beaumont, Texas , USA, is home to about 450 alligators, crocodiles and reptiles.

Johnny Depp’s B.I.G. movie pulled a month before release
Last month, location manager Greg "Rocky" Brooks filed suit against Depp for allegedly hurling obscenities at and punching him. The first " City Of Lies " trailer was released in May, on what would have been Biggie's 46th birthday.

Angelina Jolie seeks 'meaningful' child support from Brad Pitt
Brad Pitt is hitting back hard at Angelina Jolie's accusations that he hasn't paid a dime in child support for their six kids. Jason LaVeris via Getty Images Angelina Jolie and Brad Pitt pictured in 2015 during their last public appearance as a couple.

The Person That’s Preventing Barcelona From Signing Paul Pogba
The France World Cup victor has been linked with a move to the Nou Camp amid speculation over his future at Old Trafford . The Mail reports that Pogba has sent United executive vice-chairman Ed Woodward a message to inform him of his decision.

The Academy Adds Best Popular Film Oscar Category
The Oscars are getting a shakeup in 2019, starting with a strict three-hour time limit and a new category to honor popular film. The most intriguing part of this - not marking my calendar for 2020 yet, sorry - is the one about "popular film".

YouTube removes Alex Jones' channel for violating its community guidelines
In a series of tweets Tuesday, Dorsey said that Jones has not violated Twitter's rules. Sometimes these expressions may be offensive, controversial, and/or bigoted.

Hiroshima marks 73rd anniversary of USA atomic bombing
The bombings claimed 1 Lakh 40 thousand lives in Hiroshima and 74 thousand in Nagasaki. His call however highlighted Japan's contradictory relationship with nuclear weapons.

Manafort's Lawyers Allege Gates Lived A 'Secret Life'
Gates testified that Manafort asked him to float Calk, who was on Trump's economic advisory council, for Secretary of the Army. In an aggressive cross-examination on Tuesday , Manafort's lead attorney, Kevin Downing, said to Gates: "You stole from Mr.

New Policy Prohibits GPS Tracking in Deployed Settings
A portion of the Strava Labs heat map from Kandahar Airfield in Afghanistan, made by tracking activities. Rob Manning, a Pentagon spokesman, said it's a move to ensure the enemy can't easily target USA forces.

© 2015 ExpressNewsline. All Rights reserved.