Jon Favreau's Star Wars Series Won't Be Cheap

Ant-Man and the Wasp Quantum science

Due to prior licensing deals, Disney's initial offerings will pale in comparison to those of Netflix.

Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon.

Disney CEO Bob Iger hinted at potential Fox related Marvel content for its upcoming streaming service today.

Disney is building the streaming service as more people switch from traditional cable TV bundles to streaming online though services like Amazon and Netflix.

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.

When Thanos snapped his fingers he halved the universe's population, but that seems like mercy compared to what Disney will be doing to Netflix when the Mouse House launches its very own streaming service next year, because Disney will be moving every movie from the Marvel Cinematic Universe to its own site.

Speaking to analysts after the company reported less-than-stellar Q3 results, Iger said that Disney will "continue to move full steam ahead with our direct-to-consumer strategy", which he referred to in his remarks as "Disney Play", with last year's acquisition of the BAMTech technology outfit enabling it to enter the OTT TV space "quickly and effectively".

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. Previously, only pre-visual work was used for Star Wars.

Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.

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

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.

Revenue rose 7 percent to $15.23 billion - also missing forecasts. In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.

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