Disney Shares Rise as Focus Turns to Streaming Commitment

Adjust Comment Print

Walt Disney Company chairman and CEO Bob Iger has confirmed that Disney's now unnamed streaming service, set to launch in 2019, will feature a new live-action TV series set in the Star Wars universe. TV series, based on the classic Pixar movies, and a High School Musical TV series.

Star Wars, Marvel, and Pixar will be front and center in Disney's own streaming service, due out that year. Also since Marvel TV and Netflix have not announced any series after The Punisher, there are good chances it could be their last.

Star Wars has been explored in five animated animated shows over the years, and in three live-action TV specials, including the much maligned Star Wars: Holiday Special. Iger also revealed that Disney's new service will be priced "substantially below" Netflix, at least when it initially launches.

"We have big ambitions for the Star Wars franchise", Disney chief executive Robert Iger said during a quarterly earnings call. If you had to pick one legacy series or film that needs to be part of this service in order for you to subscribe, what would it be? A slew of upcoming Star Wars movies and an original, live-action Star Wars TV show appear to be just the beginning.

Gearing up for the launch of a new Disney streaming platform, the media giant has promised its subscription rates will not be as high as those of its principal rival, Netflix.

A recent report from CNBC claimed Disney wanted to purchase a large majority of 21st Century Fox, including the rights to films like the X-Men franchise and TV series like Futurama. This new service will feature a way to only showcase Disney branded content. "It suggests they are going after the sports viewer", says Iger.

The Marvel/Netflix partnership has given us some of the best stories in the MCU, but it looks that's all about to end as Disney begins its quest for streaming dominance.

"The excitement will only intensify as we get closer to the release date", Iger said.

The launch of this new service is still two years away, so we're obviously still waiting for more information.

Netflix now offers three different subscription tiers to US subscribers: a basic plan for $7.99 a month, a premium plan at $10.99, and an ultra premium plan for $13.99. An worldwide version of the service might release before the U.S. launch, however, due to streaming rights.