With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution.
According to Disney, their new streaming service will focus on the "core Disney fan" and will be mostly family-friendly content that Disney is known for. With a rumored $7.99 price point we know the companys goal is to at least be cheaper than would be rival Netflix, who is now airing Disney properties until the end of the year. For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series.
Expect more details about the lifespan of Marvel movies on Netflix as Disney gets closer to launching the service, and also keep an eye on if Doctor Strange and Guardians of the Galaxy Vol. 2 get their full 18-month tenure on the service...
U.S. tariffs on China: Trump administration adds $16 billion
The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
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". The service will not, however, carry the volume of content found on Netflix, Iger added. Excluding one-time items like a benefit from lower federal tax rates, income was $1.87 (roughly Rs. 128) per share. Over on Making Star Wars, for instance, there's a new tidbit alleging that Jon Favreau plans to whisk viewers off to Mandalore three years after the Empire's downfall.
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.
In the Mouse House's media networks division, which includes ESPN and ABC, operations eked out a 3 percent gain in total revenue but higher programming fees, including for the National Basketball Association, resulted in a 6 percent decline in operating profit. 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.