Disney's Streaming Service Will Cost 'Substantially' Less than Netflix

Saturday, 11 Nov, 2017

With an ambitious plan to bring loads of new content to the small screen - including a newly announced live-action Star Wars TV series - the Mouse House is pushing hard into the TV streaming space.

Concerning its closely watched cable TV subscribers, Bob Iger, chairman/CEO of Walt Disney, says: "We have seen some sub losses, but not as bad as in previous quarters".

Disney is developing new television series based on some of its biggest franchises - "Star Wars", "Monster Inc.", "High School Musical" and Marvel - that will be carried on a Netflix-style streaming service set to launch in the second half of 2019, Mr. Iger told analysts.

Disney touted the box office success of two new Star Wars films and expressed confidence that "The Last Jedi", set to debut in theatres next month, would be a hit.

According to The Wall Street Journal, Disney Chief Strategy Officer Kevin Mayer confirmed the news, while also insisting that their plans were "pro-Disney" rather than "anti-Netflix".

We don't yet know how much Disney's planning to charge; all we know for now is that we'll be getting curated content at a price that undercuts Netflix.

This, of course, includes work produced by the Disney-owned Lucasfilm and Marvel, hence the platform will host the recently announced "Star Wars" TV series, and will spell the end of the Marvel "Defenders" TV universe on Netflix - although the fate of the existing Marvel Netflix shows is as-yet uncertain.

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The Netflix deal allowed the MCU to tackle characters and stories they would never touch in their family-friendly films, and with all new Marvel shows being limited to Disney's streaming service and networks like ABC and Freeform, it's unlikely we'll see any more like them.

This week, Disney CEO also announced that they plan on making sure their streaming service is "substantially below" the current price of Netflix, which now sits at a $10.99 a month price point for USA subscribers, and will likely increase in the coming years.

Revenue of $12.78 billion was down 3% and missed expectations of $13.3 billion. "It'll have a lot of high-quality content because of the brands and the franchises that will be on it that we've talked about".

Disney's ESPN witnessed higher programming costs, lower advertising revenue were offset by higher affiliate revenue.

News emerged this week that Disney had held talks about buying the entertainment wing of USA media rival 21 Century Fox.

While networks like ABC, Freeform, and Disney XD are exclusively owned by Disney, they share ownership of Hulu alongside other companies.

The earnings report comes amid Disney's alleged negotiations with Fox to acquire some of its entertainment assets.