Disney to Kick Marvel Movies off Netflix

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

Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

They also have the Netflix name all over them, so it won't be easy for Disney to take them.

On top of the original Marvel series, Disney is in development on a new live-action Star Wars series as well as TV series adaptations of Pixar's Monsters Inc.

Without getting into specifics about how Disney will bifurcate development on all its new goodies between the theater and the living room, Iger emphasized the ongoing importance of feature films, while acknowledging that Fox's new Marvel brands will be vital to the success of its forthcoming digital streaming service.

The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn.

Disney is "on track" to launch its Disney-branded streaming service late next year, with "numerous original projects now in various stages of development and production", according to CEO Bog Iger.

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Disney is producing nine different movies for the streaming service with budgets ranging from $20 to $60 million. Pretty much, Marvel movies hit Netflix eight or nine months after their theatrical debut, and all that really proves is that Captain Marvel would normally likely hit around November or December 2019...which is perhaps a little after we expected their service to hit.

“Star Wars is a big world, and Disneys new streaming service affords a wonderful opportunity to tell stories that stretch out over multiple chapters.

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95. Previously, only pre-visual work was used for Star Wars.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Revenue rose 7 percent to $15.23 billion - also missing forecasts. In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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