Heres what every major analyst said about Disneys earnings and its new streaming service

Here\s what every major analyst said about Disney\s earnings and its new streaming service

A Star Wars: Rogue One Hero Is Back In A Live Action Disney+ Show

IGN News / 8 Nov 2018 2:40 PM PST Disney Streaming Service Name Revealed Share. Disney+ will launch in late 2019. By Adam Bankhurst Disney Chairman and CEO Bob Iger has revealed that Disneys upcoming streaming service will be called Disney+.

Announced during a live audio webcast of Disneys fiscal full year and fourth quarter 2018 financial results, Iger confirmed the name of Disney+ and that it is still scheduled to launch in late 2019.

Disney co-owns Hulu with 21st Century Fox, AT&T and Comcast, which owns NBCUniversal, the parent company of NBC News. But Disneys $71.3 billion acquisition of Fox, which could gain final government approval in the next few months, will give Disney a 60 percent stake in the streaming video company, allowing it to have greater control of Hulus future.

Alongside the name announcement, Iger confirmed that a second Star Wars live-action series was in development at Lucasfilm for Disney+ and that it will be a prequel to Rogue One: A Star Wars Story.

Diego Luna will return as Cassian and “the spy thriller will explore tales filled with espionage and daring missions to restore hope to a galaxy in the grip of a ruthless Empire.”

“Relative to Goldman Sachss estimate, a 1% operating income miss was more than offset by a lower-than-expected tax rate. The operating income miss was driven by Theme Parks, partially offset by beats in Studio and Broadcasting. … The Studio beat was driven by higher-than-expected international theatrical revenue and international content licensing, while the Broadcasting beat was driven by program licensing. Ironically, much of this quarters upside and growth was driven by the licensing of film and TV content to third parties, and much of the earnings call focused on Disneys strategic shift to direct-to-consumer, which will de-emphasize these wholesale revenue streams.”

Iger also revealed that the rumored Loki live-action series, starring Tom Hiddleston, is in development at Marvel Studios and will also launch on Disney+ in the future.

“With fiscal fourth-quarter results ahead of estimates driven by Studio and content licensing, the Fox transaction likely closing earlier than expected, and an April investor day planned to lay out specific plans for Disneys streaming ambitions, we reiterate our bullish outlook for shares. … Direct-to-consumer (DTC) strategy ramps in FY19 ahead of Disney Plus launch, more clarity on financial impact forthcoming: The broader financial impact of Disneys direct-to-consumer streaming plans will depend on the timing of deal close with Fox, but independently Disney continues to invest in content for both its ESPN Plus and Disney Plus products.”

When it launches in 2019, it will be the exclusive home of Star Wars movies from 2019 and beyond and every Marvel Movie after 2019s Captain Marvel.

As for the integration with Fox, Iger called out a number of Fox executives who will take leadership roles at the newly combined company, including Peter Rice, who will become chairman of Walt Disney Television and co-chair of Disney Media Networks along with Jimmy Pitaro; and Dana Walden, the new chairman of Disney Television Studios and ABC Entertainment. On the movie studio side, Fox Searchlight presidents Steve Gilula and Nancy Utley will come onboard, along with Fox Film Vice Chairman Emma Watts and Fox 2000 chief Elizabeth Gabler.

As for the previous films, Disney wants to buy back the TV rights to Star Wars films from AT&Ts Turner Broadcasting as Turner has rights to them until 2024.

“It’s not quite ready for primetime,” he said. “It’s still being iterated. But it will be elegant and it will be very brand-centric.” He also said that Disney+ will feature navigational features “that typically don’t exist” and that it will “super serve the most ardent fans of those five different brands by creating experiences and environments customized and personalized to those brands.”

Adam Bankhurst is a news writer for IGN who loves Disney, Star Wars, and Marvel so obviously cant wait for Disney+. You can follow him on Twitter @AdamBankhurst.

Lucasfilm Sets Live-Action ‘Rogue One’ Prequel Series for Disney’s Streaming Service

Share Share Disneys long-awaited streaming service will be called Disney+ share tweet Linkedin Reddit Pocket Flipboard Email Disney has announced the name for its upcoming streaming service: Disney+, scheduled to launch in the US in late 2019.

Along with the new branding, the company has also announced two more major shows that will be hitting the service. A second Star Wars spin-off will see Diego Luna reprise his role as Cassian Andor, set before Rogue One: A Star Wars Story, and Disney confirmed the previously rumored Loki series that will see fan-favorite Tom Hiddleston star once again as the iconic Marvel villain. Those shows will join already announced projects like Jon Favreaus The Mandalorian, as well as shows based on Monsters Inc. and High School Musical.

Disney Confirms Hulu Will Be Offered Internationally After Fox Purchase

Todays news only further cements what we already knew: Disney is going to be leveraging hard its existing successful franchises to attract viewers to the service. And if the companys box office receipts for films like Infinity War and The Last Jedi are anything to go by, Disney will be putting up some pretty formidable competition when Disney+ does arrive next year.

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