MCU Movies to Move from Netflix to Disney's Streaming Service

Ant-Man and the Wasp Quantum science

Ant-Man and the Wasp Quantum science

Actor and director Jon Favreau (Iron Man, The Jungle Book) is now hard at work executive producing and writing a live-action Star Wars TV series for Lucasfilm and Disney's new direct-to-consumer streaming service.

Come 2019, Disney will do its best Thanos impression and snap their movies up from Netflix. Also, tv show spinoffs for Lady and The Tramp, Monsters Inc.

Iger also said that there was no plan to merge or bundle together this new service with Hulu or its sports streaming service ESPN+.

But what does the launch of Disney's big streaming service mean for Marvel's future on Netflix? With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point.

According to the earnings call, the new Disney streaming service will be cheaper than Netflix. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

Overall in the quarter, Disney reported net income rose 23 percent, to $2.92 billion, or $1.95 a share.

Revenue from the movie and TV production business jumped 20 percent to $2.88 billion (about Rs. 19,800 crores), boosted by a strong box office for "Avengers: Infinity War" and "Incredibles 2".

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.

Operating profits in its consumer products unit, the smallest division, slipped 10 percent on an 8 percent drop in revenue - due mainly to lower licensing revenue from "Spider-Man" and "Cars". In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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