Published: Sat, November 11, 2017
Culture&Arts | By Darrell Mcdonald

ESPN Streaming Service Set to Launch in Spring of 2018

ESPN Streaming Service Set to Launch in Spring of 2018

Mr. Iger also provided some information on pricing for the service, saying it will be "substantially below" that of Netflix Inc. because it will start with "substantially less volume". An example being, if a director or show producer has an idea, now Netflix is up against Disney, Hulu, Amazon and more for the rights to the show. Few details were revealed - save for an announcement that four live-action series based on Disney properties (Star Wars, High School Musical, Monsters, Inc. and Marvel) are in development and will be exclusive to the streaming platform.

Star Wars has been explored in five animated animated shows over the years, and in three live-action TV specials, including the much maligned Star Wars: Holiday Special.

Disney's Parks and Resorts segment, however, continues to show growth with revenue increasing 6% to US$4.7 billion, and segment operating income rising 7% to US$746 million.

The new streaming service will offer the latest Disney, Pixar, Marvel and "Star Wars" feature films in the first pay TV window.

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For the quarter ended September 30, Disney reported earnings of $1.07 a share, excluding some items, missing the $1.14 average of analysts' estimates. The company also plans to create a Star Wars TV show for its new streaming service. He said the new service will be separate from the ESPN service it is now developing and that ESPN content won't be accessible on it whatsoever.

There are no details whatsoever regarding what either series will be about, but both are expected to debut before the end of 2019, soon after Disney launches their new service.

"As I've said earlier, we're going launch this thing pretty aggressively", he said on the call Thursday. Deadline reports the company is developing new TV shows for their upcoming digital streaming service. This will launch before the entertainment-focused service rolls out. Netflix ended the September quarter with 109.25 million streaming subscribers worldwide, including 52.77 million in the US and 56.48 million in global markets. That being said, Disney Channel will also contribute films for the service. Its most popular plan, which allows high-definition video streaming on two devices at a time, costs $10.99 a month.

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