Streaming Service Coming Next Year

New 'Star Wars' Trilogy in Works With Rian Johnson, TV Series Also Coming to Disney Streaming Service

The news was announced by Walt Disney Company chairman and CEO Bob Iger during a quarterly earnings call with investors on Thursday.

The earnings call also coincided with news that The Last Jedi director Rian Johnson is to produce an entirely new Star Wars trilogy, as well as write and direct ots first instalment.

A live-action Star Wars series will no doubt be the focus, while series based on the 2001 Pixar hit Monsters, Inc, and the Disney Channel's High School Musical will also be highly anticipated.

Disney said Thursday it's already working on a new Star Wars trilogy to follow the series that's scheduled to wrap up in December 2019.

While this would certainly seem like fighting talk created to lure consumers over to Disney in favour of Netflix, Iger concedes the lower price "is in part reflective of the fact it'll have less volume", given it will be exclusively streaming content produced by Disney themselves.

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.


"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. Not only will Disney, Pixar, Lucasfilm, and Marvel Studios films and series all now live on the proposed site, but new content will be developed exclusively for it. Fans were mixed on the possibilities, but one big question emerged: will Netflix lose its Marvel TV shows?

Earlier this year Disney confirmed its intention to pull all its TV series and films from streaming services such as Netflix and Hulu, ahead of the launch of its own, as-of-yet unnamed service.

ESPN continued to lose subscribers in its fiscal fourth quarter ended September 30 while programming costs for sports rights rose and advertising revenue declined.

Studio entertainment revenue were down 21% to $1.4 billion.

Disney's drop in theatrical distribution revenues was primarily driven by the under-performance of Cars 3 compared to Finding Dory in the prior-year quarter.

As for its cable networks, operating income decreased US$15 million to US$1.2 billion due to a decrease at Freeform and partially offset by growth at the Disney Channels due to higher program sales. Apple committed to a two-season order of 20 episodes total of the untitled series that will center on the lives of morning TV news stars.

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