Disney’s CEO Gives New Details About The New Disney Streaming Service

Disney’s CEO Gives New Details About The New Disney Streaming Service

Disney’s CEO Gives New Details About The New Disney Streaming Service

This confirms what has been suspected all along, that the streaming rights would kick over for all of Disney's movies starting in 2019 and beyond.

According to the outlet, Captain Marvel - a film that's set to hit theaters on March 8, 2019 - will be the first Marvel movie that will not head to the Netflix streaming platform following its theatrical, digital, and physical release.

Disney exec Ricky Strauss is in charge of the new streaming service, as president of content and marketing.

Iger told analysts in the Q&A session following the results announcement that Disney would "walk before we run" in terms of building content for the service and added that the Disney OTT offering would "not have anything close to the volume that Netflix has". For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series.

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Iger also said that there was no plan to merge or bundle together this new service with Hulu or its sports streaming service ESPN+.

Come 2019, Disney will do its best Thanos impression and snap their movies up from Netflix.

Launching the streaming services is Disney's biggest priority next year, Iger said.

CNET has reached out to Disney to confirm the report's details.

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Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95.

Directed by JJ Abrams, Star Wars: Episode IX stars Daisy Ridley, Adam Driver, John Boyega, Oscar Isaac, Lupita Nyong'o, Domhnall Gleeson, Kelly Marie Tran, Joonas Suotamo, Billie Lourd, Anthony Daniels, Mark Hamill, Billy Dee Williams, and Carrie Fisher, with Naomi Ackie and Richard E. Grant.

Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.

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