Disney plans new Star Wars trilogy, TV series for SVOD

11 November, 2017, 01:29 | Author: Sherri Guerrero
  • Streaming Dreams Drove Disney's Interest in Fox Assets

The Wall Street Journal recently reported that Disney would develop a series for their own services to stand against other streaming services. Now, the saga from "a galaxy far, far away" will be taking over television as well, when Disney launches a new live-action Star Wars series alongside another new Marvel superhero show.

When Disney's CEO announced Disney's standalone streaming service, he also confirmed Marvel and Star Wars titles will be exclusive to the platform: "I have described a very rich, treasure trove of content for this app", he said, according to CNBC.

It has been announced that Disney will be bringing a new Marvel series to its streaming service that is scheduled to launch in late 2019. Rian Johnson, director of The Last Jedi instalment that opens next month, is already at work on the project. Plus, Disney plans to produce four or five movies a year exclusively for the service, Iger said. The company's name has also become a verb ("Netflix and chill"), a sign that while its position might seem available to disruption, it is actually an entrenched consumer preference. The service will also be ad-supported, which should help generate additional revenue for the network.

Disney is convinced that we're all going to make the migration though - so convinced that they are apparently spending over $300 million a year on this endeavour.

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Overall, Disney's studio revenue fell 21% to $1.43 billion, because Cars 3 couldn't match 2016's Finding Dory.

As it now stands, the rumors of a sale have made Fox and Disney shareholders alike happy - as of Friday alone, the Twenty-First Century division of Fox has seen an increase of 4% to their stock's value since the rumors first got out, and Disney has seen a more modest increase of 2.9%.

Walt Disney Co (NYSE:DIS) shares nudged higher after hours despite the media and film giant posting fourth quarter numbers that missed expectations. The higher results were due to global growth at Disneyland Paris and Shanghai Disney Resort, partially offset by domestic decreases, which were impacted by Hurricane Irma. Iger declined to comment on the circulating rumors during the company's earnings call.

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