'Star Wars' TV Series to Launch on Disney's Future Streaming Service

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Disney has closed a deal with director Rian Johnson to develop a new “Star Wars” trilogy, and it is planning a live-action “Star Wars” TV series to air on its entertainment streaming service that is expected to launch by the end of 2019.

Surprisingly, we got a clear and definite answer today from Disney as to what they plan to do - before two-thirds of the current trilogy have even come out. Disney announced in August it would be pulling all of its titles off of Netflix to shift how its content was distributed and launch its own streaming service.

Star Wars TV series have existed and thrived before, most notably the animated Star Wars: The Clone Wars and Star Wars Rebels series, but despite demand there's never been a live action counterpart. Affiliate revenue rose and overall results at ESPN were comparable to the prior year for the quarter that ended in September, Disney said.

Also reported by The Verge, Disney CEO Bob Iger announced a TV show about Star Wars is also in the works.

Disney's parks and resorts business, which has steadied results in recent quarters, was the only division that reported year-on-year revenue growth in the quarter, rising 6%. Disney will also increase capital investment by about $1 billion, she said, in large part due to the cost of new Star Wars lands at Disneyland and Walt Disney World. And it will be one of the premier offerings of Disney's planned streaming service. Right now - much like that juicy Star Wars info dump we're still processing - it's anyone's guess.

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But it seems Disney's streaming service, which is set to debut in 2019, is going to make waves as soon as it drops thanks to some huge content additions. The franchise will return to the small screen with High School Musical 4 under Jeffrey Hornaday, who directed Teen Beach Movie and Teen Beach 2 - Disney Channel's newest craze teen musicals.

Net income attributable to the company declined to $1.75 billion from $1.77 billion.

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.

Excluding items, it earned $1.07 per share.

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