Will Netflix Lose Their Marvel Shows to Disney's Streaming Service?

Jenna Warner
November 11, 2017

Disney has announced that its ESPN streaming service, which it has dubbed ESPN Plus, will launch sometime in Spring 2018.

Iger called the two ventures "our highest priority this year" and said the Disney channel - which has yet to be officially named - will cost "substantially less than Netflix", because it will have less content, at least initially. Iger said the company just closed a deal with Rian Johnson, who directed the installment that will be released in December, to develop an entirely new Star Wars trilogy.

New Movies: Bob mentioned that the service will feature all new Disney, Pixar, Marvel, and Lucasfilm movies in their "Pay TV" window, which is shortly after they are released on home video, so you should expect to see them on the service about six months after their theatrical debut.

"We also believe that our brands and our franchises really matter, as we've seen through Netflix and all our other platforms".

Taking control of streaming is a "big strategic shift" for Disney, Iger explained.

"Our goal here is be a viable player in the direct-to-consumer space, space that we all know is a very, very compelling space to be in", he added. He also said that there will be a new TV series based on Pixar's 2001 film Monsters Inc. and another series based on High School Musical, as well as a new series from Marvel.

Total television revenue dropped 3% in the quarter to $5.47 billion and operating income fell 12% to $1.475 billion.

It is expected that all Disney content, including releases from Marvel, Star Wars, and Pixar, will eventually disappear from Netflix and be exclusively available to stream on the new platform.

This disclosure came on its earnings call to wrap up the company's fiscal year that closed September 30. The brand is strong, the quality of their programming is strong.

News emerged this week that Disney had held talks about buying the entertainment wing of U.S. media rival 21 Century Fox. And higher costs for sports programming cut into media networks' revenue.

For the quarter ended September 30, Disney reported earnings of $1.07 a share, excluding some items, missing the $1.14 average of analysts' estimates.

Disney is convinced that we're all going to make the migration though - so convinced that they are apparently spending over $300 million a year on this endeavour.

Other reports by Insurance News

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