The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018.
According to the earnings call, the new Disney streaming service will be cheaper than Netflix.
We know Disney's Netflix-like paid streaming service is on its way, but we don't know much about the content that will arrive with it.
Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.
Iger said he did not believe the launch of an OTT TV service would complicate Disney's relationship with its distribution partners and said traditional distributors were "very, very interested in distributing our D2C products" just as they increasingly distribute Netflix.
Iger, on a post-earnings webcast, said growth of smaller channel bundles delivered online had helped make up for customers dumping larger cable packages. Marketing is about telling a story, and his (Strauss) background in that area allows us to collaborate and create new content. Recently, we reported that the service may not have access to the Star Wars feature films until 2024, you can read that by clicking the link below, so perhaps Disney is looking to really up the ante on the cinematic quality of the live-action series. And if that's the case, then Avengers: Infinity War and Black Panther will also be on the streaming service through all of 2019 as well.
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. Operating income at the studio rose 11 percent to $708 million, but it also recorded a $100 million film impairment charge, primarily related to work on two animated films it decided not to release.
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.