Are you excited for the new Star Wars live-action TV series?
In recent quarters, the company’s theme-park division came to the rescue with strong earnings, driven by higher ticket prices and guest spending, along with new attractions that boosted attendance. “The price will reflect that”, he explained. Regarding new subscribers from digital pay TV providers, Iger says: “We have seen a nice pick up in subscribers”.
Gearing up for the launch of a new Disney streaming platform, the media giant has promised its subscription rates will not be as high as those of its principal rival, Netflix.
Iger said the company will also launch four to five exclusive feature films on the streaming service per year. Initially, Disney’s stock price dropped from its close of $102 to roughly $99 in after-hours trading on the news.
Iger also said ESPN will offer its own streaming service next year.
Many saw this as the House of Mouse looking to bolster its on-demand library ahead of the SVOD launch, which Iger considers to be the only available revenue stream Disney is not properly exploiting yet.
Also since Marvel TV and Netflix have not announced any series after The Punisher, there are good chances it could be their last. This is in addition to the news that Rian Johnson will be creating a new trilogy for the Star Wars franchise. There’s at least one Marvel project in the works (this likely won’t affect their Netflix shows.at least for now), a Monsters Inc. series, and, at last, a Star Wars live action series.
Generating confidence in the future is critical for Disney as it is coming off a comparatively weak fiscal year for its movie and consumer-products units and more declines in its television business. That means the majority of the content on the platform will be Disney original series – or content from a subsidiary company – and appropriate for all ages.