No more Marvel TV shows for Netflix

Star Wars Obi Wan Kenobi movie

Star Wars Obi Wan Kenobi movie

Disney's CEO said during an investor's call in November 2017 that the upcoming streaming service would be Disney-branded and carry the Disney name, and that the majority of the content on the platform will be Disney original series appropriate for all ages. (NASDAQ:NFLX), which will grow even bigger by then, will be a major threat to it. Disney CEO Bob Iger, talking about the company's strategy to make the service popular, confirmed that Disney will price its subscription-based service "substantially" lower than Netflix. It will be "substantially below" what Netflix costs, Iger said, in part because it will have a more limited library.

According to Iger, the service will offer sports fans far more than they now get through any other app, website, or channel.

"We're also planning to produce a number of original series for the new service", he commented.

"Our goal here is to be a viable player in the direct-to-consumer space, space that we all know is a very, very compelling space to be in", said Iger.

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.

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Iger also revealed plans to develop TV spin-offs for Monsters Inc and High School Musical as well as more shows within the Marvel universe.

The rumored show won't be the first Star Wars series to arrive on television, of course, but will be the first live action version of the franchise to hit the small screen. All are set for the streaming service, which is due to debut online in 2019. If you pay for cable, do you get to watch shows on ABC's site like you can now, or will they only live on Disney's streaming service?

Earlier this year, Disney said it would stop sending new movie releases to Netflix, its soon-to-be streaming rival, in 2019.

Where will it be available?

That may explain Disney's interest in acquiring large parts of 21st Century Fox Inc., including its film studio, some cable channels and stake in consumer TV services such as Sky Plc and Hulu LLC. Netflix now charges between $8 and $12 a month. This will launch before the entertainment-focused service rolls out.

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