Disney's live-action Star Wars series could cost whopping $100M

Disney's live-action Star Wars series could cost whopping $100M

Disney's live-action Star Wars series could cost whopping $100M

As the mouse house prepares to consume the whole of 21 Century Fox (and its entire back catalog), it won't be long before "Disneyflix" is in a position to pull the plug on a chunk of the content already on Netflix.

Disney raised its offer for the assets in June from $52.4bn to $71.3bn and also for the first time made an alternative available to Fox shareholders who would rather receive cash instead of Disney shares.

The sale of Fox's film and TV assets to Disney has been a huge talking point for many months, largely due to the fact that Marvel properties like X-Men and the Fantastic Four could potentially join the MCU as a result of the deal.

The biggest competitor in movie and television streaming is about to emerge with Disney going head-to-head with Netflix and Hulu as it launches its own, exclusive streaming service.

Iger, on a post-earnings webcast, said growth of smaller channel bundles delivered online had helped make up for customers dumping larger cable packages. With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution. The studio entertainment division provided much of the uplift, with revenues growing 20% to US$2.9 billion. Exactly what that means is not set in stone.

In the works for the Disney service are a live-action "Star Wars" series, new episodes of the animated "Star Wars" series "Clone Wars", a live-action version of "Lady and the Tramp", and new series related to the "High School Musical" and "Monsters Inc." movies.

Disney is gearing up to release their new streaming service, and it looks like they will be giving Netflix and Hulu some very powerful competition.

We know the Disney movies remain on the service for a year and a half, but will that time period be cut short by the launch of the competing service? Will the MCU films be enough to sway you over to Disney's eventual streaming service? Excluding one-time items like a benefit from lower federal tax rates, income was $1.87 (roughly Rs. 128) per share.

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast.

Disney's consumer products and interactive media division saw revenue dip 8% to $1 billion.

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

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