Published: Wed, August 08, 2018
Entertaiment | By Paul Elliott

Disney's live-action Star Wars series could cost whopping $100M

Disney's live-action Star Wars series could cost whopping $100M

Disney owns ESPN, Marvel, 21st Century Fox, ABC, and Star Wars, and they intend to bring aspects of those properties to their new service. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix.

The streaming service is set to launch in 2019 with several programs, including a "live-action version" of "Lady and the Tramp", as well as a live-action "Star Wars" series directed by Jon Favreau that will cost about $100 million for 10 episodes.

Iger also said that there was no plan to merge or bundle together this new service with Hulu or its sports streaming service ESPN+.

The untitled Star Wars live-action series does not yet have a release date but the Disney direct-to-consumer platform will launch in late 2019. "Star Wars is a big world, and Disney's new streaming service affords a wonderful opportunity to tell stories that stretch out over multiple chapters", Favreau told the Times via email. Pretty much, Marvel movies hit Netflix eight or nine months after their theatrical debut, and all that really proves is that Captain Marvel would normally likely hit around November or December 2019...which is perhaps a little after we expected their service to hit. The lower price point reflects Disney's strategic decision to offer less overall content than its red-lettered competitor, although, unlike Netflix, all the content appearing on the new service will carry Disney's in-house development DNA. 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.

Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.

Walt Disney shares fell 2% on Tuesday after it missed quarterly profit estimates. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95.

The one business that saw a drop in revenue was also Disney's smallest segment, Consumer Products and Interactive Media. In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

Like this: