This week, Disney CEO also announced that they plan on making sure their streaming service is "substantially below" the current price of Netflix, which now sits at a $10.99 a month price point for USA subscribers, and will likely increase in the coming years. While we don't have a firm price yet, Iger had said that it will be "substantially lower" than what you pay for Netflix, the reasons being due to the lower amount of content you'll get. And it's looking to do that at a cheaper, more appealing price point that takes square aim at Netflix. This week's seen a flurry of Disney-related news, with a new trilogy of Star Wars films from Rian Johnson being announced just after it broke that new live-action Star Wars and Marvel shows are in the works.
"It's becoming an internet TV world", Hastings said, "which presents both challenges and opportunities for Netflix as we strive to earn screen time".
Disney shares rose 2% to $102.68 before financial results were released late Thursday, and they were up slightly in after-hours trading.
The news about a new Marvel series is not surprising, considering its Disney other most valuable property; though, it does raise the question of what will happen to the studio's other television shows.
Navy to carry out rare exercise over Sea of Japan
The aerial formation consists of aircraft from the carrier strike groups as well as Air Force aircraft. Kim has called Trump a "mentally deranged USA dotard".
A series based on the Pixar film franchise, Monsters, Inc.
As soon as we know more, we'll let you know, sports fans. Deadline reports the company is developing new TV shows for their upcoming digital streaming service. For reference, the cost of a Netflix subscription now ranges from $8 to $14 a month.
Disney's streaming service, which will feature original content in addition to existing Disney films and TV shows, is slated to launch in 2019.
"In shepherding this new trilogy, which is separate from the episodic Skywalker saga, Johnson will introduce new characters from a corner of the galaxy that Star Wars lore has never before explored", DIsney said in a statement.
The service will launch in the US.