Disney's streaming service starts to develop its content catalog

Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

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.

With Comcast out of the bidding war, Disney is planning to move forward with its $71.3 billion (roughly Rs. 4.89 lakh crores) purchase of Fox's entertainment assets, in part to boost a Disney-branded streaming service set to launch in late 2019.

The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn.

Disney has tabled a bid for the film and television assets of Rupert Murdoch's 21st Century Fox Inc for $71bn and said in August 2017 it would develop its own streaming services to grab digital viewers. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point. That ultimately gives Disney more data to gauge its audience.

ESPN's highly profitable operation has been under pressure in recent years as consumers cut the cord and flock to such streaming services as Netflix and Amazon Prime video. Iger made it clear that this service will not be huge right at the start, but it would continue to grow over the months and years following its launch. That being said, it is expected to land somewhere in the monthly range of $6 to $8.

Royal couple attend friend’s wedding on Meghan’s 37th birthday
Prince Harry and Meghan Markle leave St George's Chapel at Windsor Castle after their wedding in Windsor, May 19, 2018. The man turned 74 years old a couple of weeks ago, and the royal family was completely silent amid their feud.

As for pricing, Disney claims that not having as many movies as other streaming services, like say Netflix, is not a handicap because Disney can price its service lower to fit the smaller library.

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.

Despite record-breaking box office performances from titles like "The Incredibles 2" and "Avengers: Infinity War", Disney's third-quarter earnings missed analyst projections, the company announced on Tuesday, reporting earnings of $1.87 per share.

Disney stock dipped 2% in after-hour trading, falling to $114.31.

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