Jon Favreau Star Wars Series Has a $100 Million Budget

Jon Favreau Star Wars Series Has a $100 Million Budget

Jon Favreau Star Wars Series Has a $100 Million Budget

It is on the verge of gaining new film, television and global properties in a $71 billion purchase of assets from Twenty-First Century Fox Inc (FOXA.O).

United States regulators approved the deal in May.

It wasn't too many years ago when Disney said there was nothing to worry from companies like Netflix and that they'd continue to focus on their broadcast and cable deals.

Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon.

The report says, "Starting with "Captain Marvel" in March, all of the films that Walt Disney Studios releases in theaters will subsequently flow to the Disney streaming platform instead of to Netflix". We've mentioned a number of times that we have the luxury of programming this product with programs from those brands or derived from those brands, which obviously creates a demand and gives us the ability to not necessarily be in the volume game, but to be in the quality game.

Content for the Disney service will include the first live-action Star Wars TV series, reportedly costing US$100 million for 10 episodes, and new episodes of the Star Wars: Clone Wars animated series.

There's no way Disney's streaming service won't experience a few hiccups upon launch, but as long as it has the company's biggest blockbuster titles on there, subscribers will flock to it.

Disney is producing nine different movies for the streaming service with budgets ranging from $20 to $60 million.

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.

Favreau's name has come up in association with Star Wars several times over the years, in part because he seemed an obvious choice to replace departing directors on the live-action movies.

Revenue rose 7 percent to $15.23 billion (approximately Rs. 1.04 lakh crores) in the period, short of the $15.49 billion (roughly Rs. 1.06 lakh crores) expected by four analysts surveyed by Zacks.

The one business that saw a drop in revenue was also Disney's smallest segment, Consumer Products and Interactive Media.

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

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