Disney CEO Bob Iger Teases Fox Marvel Content For Streaming Service

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The rights to all "Star Wars" films released so far are already.

In order to compete with those services, Disney is acquiring Twenty-First Century Fox's film and entertainment assets - and it is developing a streaming service that will incorporate Disney and Fox content.

Acknowledging that the Fox acquisition will also give Disney a 60% in existing streaming service Hulu as well as the Disney-branded service, Iger said that the company aimed to provide a range of options for consumers rather than to try to combine all its content into a single aggregated play.

And while it will take time for the streamer to fill its back catalog, the long-term plan is to make the streaming service the one-stop shop for all things under the Disney brand (which seems to be just about everything in entertainment these days).

As for pricing, Disney claims that not having as many movies as other streaming services, like say Netflix, is not a handicap because Disney can price its service lower to fit the smaller library.

Yesterday, Disney's CEO Bob Iger opened up about their new on-demand streaming service during Disney's 2nd quarter earnings call. With a rumored $7.99 price point we know the companys goal is to at least be cheaper than would be rival Netflix, who is now airing Disney properties until the end of the year.

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New content will be created for Disney's streaming service for Star Wars, Marvel, and live-action versions of animated features such as Lady and the Tramp and The Sword in the Stone.

Beginning with Captain Marvel, all Marvel Studios films will begin streaming on Disney's upcoming streaming service, following their respective theatrical runs, according to the New York Times. It's a move that was to be expected since Disney first announced its plans to launch a streaming service last summer.

Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.

On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.

Disney's movie studio enjoyed blockbuster success with "Avengers: Infinity War" and "The Incredibles 2". In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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