Disney is hoping they can use their Pixar, Marvel, and Lucasfilm libraries, along with NatGeo to build on an already extensive library of shows and movies from Disney. For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series.
Among the streaming service's offerings, fans will get a brand new live-action Star Wars series from Iron Man helmer Jon Favreau, which is rumored to take place three years after the events of Return of the Jedi.
The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn. After that, though, all future Marvel Studios superhero films will stream exclusively on Disney's still unnamed service.
England | Test | Sam Curran
The 29-year old surpassed his previous best score of 39, which he hit in the third Test of the 2014 England tour. MORNING SESSION: England were only able to add two more runs to their overnight score.
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. The price will reflect this smaller catalog, and Iger said it will likely be cheaper than Netflix initially.
Users can expect to find some recent theatrical releases like Captain Marvel and the live-action remake of Dumbo (both releasing in March of 2019), as well as some original programming for the streaming service like Anna Kendrick's upcoming holiday film Noelle and a High School Musical series.
There's no way Disney's streaming service won't experience a few hiccups upon launch, but as long as it has the company's biggest blockbuster titles on there, subscribers will flock to it. Now a new article in the New York Times reveals that the ten-episode first season of the Favreau Star Wars series will have a combined budget of $100 million, making each episode roughly $10 million a piece.
This tech billionaire just lost US$15.9 billion in a single day
The slump is the biggest drop in market capitalisation in history - far exceeding Intel's $91bn single-day loss in September 2000. It wasn't since the turn of the century almost two decades ago that anything close to such a huge loss was registered in the U.S.
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".
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.
Trump Warns Turkey: Free Pastor Brunson or Face 'Large Sanctions'
Brunson was first imprisoned on terrorism charges after an attempted coup in the summer of 2016 against President Recep Erdoğan. If convicted, Brunson faces up to 15 years in prison for 'committing crimes on behalf of terror groups without being a member'.