Disney's live-action Star Wars series could cost whopping $100M

Danny Woods
August 8, 2018

With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution. Fans can look forward to some aspect of all those titles to be available on the streaming service, along with movies and shows from Pixar, Marvel, Star Wars, and Disney cartoons.

So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

According to the earnings call, the new Disney streaming service will be cheaper than Netflix.

During the company's quarterly earnings call this afternoon, Iger acknowledged that the Fox acquisition gives the company more Marvel Comics related opportunities for its streaming service which is expected to launch by the end of 2019, in addition to the live-action original Marvel series that is already in development.

But Iger said that movies Disney plans to release in 2019, including "Captain Marvel", "Dumbo", "Toy Story 4" and "Frozen 2", won't be encumbered by licensing deals and can go straight to the service soon after their theatrical releases. The service will not, however, carry the volume of content found on Netflix, Iger added. Some reports have said it could be as cheap as $5 a month.

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

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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.

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.

An upcoming Star Wars TV show might be quite expensive.

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

In the Mouse House's media networks division, which includes ESPN and ABC, operations eked out a 3 percent gain in total revenue but higher programming fees, including for the National Basketball Association, resulted in a 6 percent decline in operating profit.

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast.

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