Disney to charge less than Netflix for its streaming service

039;Monsters Inc.' and 'High School Musical' series will also debut on the streaming service

The company also plans to create a Star Wars TV show for its new streaming service.

I would'nt be surprised if Disney took advantage of the D23 Expo to launch the service as Bob specifically called out D23 Members as potential users of the service. Higher levels of content filtering will be available through the service.

The Netflix deal allowed the MCU to tackle characters and stories they would never touch in their family-friendly films, and with all new Marvel shows being limited to Disney's streaming service and networks like ABC and Freeform, it's unlikely we'll see any more like them. Netflix now charges between $8 and $12 a month.

If brought over, these series alone should make Disney's streaming service a success, not to mention streaming the Disney film library and any new original content that's in development. That service will be called ESPN Plus, he said Thursday.

Star Wars continues to grow and expand five years after Disney purchased LucasFilm for $4bn.

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. That downdraft was too powerful even for Disney, which counts on TV, theme parks, consumer products and its famous studio to fuel its business. The decline was due to higher film costs, lower TV and SVOD distribution results and a lower revenue share from the company's consumer products and interactive media segment. Sales of programs to other outlets also fell in the latest quarter. Yes, another streaming service. This issue alone is complex when it just involves Disney-owned properties.

Revenue of $12.78 billion was down 3% and missed expectations of $13.3 billion.

Disney's movie studio was hurt by the underperformance of "Cars 3" and a write-off of almost $98 million on the animated movie "Gigantic", which was previously scheduled for 2020 but was cancelled. The parks and resorts segment, however, was a standout: Revenues jumped 6 percent to $4.7 billion, and segment operating income was $746 million, a 7 percent increase. Star Wars: The Last Jedi will be released on December 14 in the United Kingdom and December 15 in the USA.

But Walt Disney World in Orlando, Fla., was hurt by a number of factors, including Hurricane Irma.

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. Disney originally announced its intention to withdraw content from Netflix during an earnings report in early August.

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