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Disney streaming service to cost much less than a Netflix subscription

11 November 2017

The service will standalone from Disney's own exclusive streaming service plans, which will see all Disney, Marvel, Lucasfilm and Pixel movies brought in house.

Of course, for us fans, our minds immediately went to the Marvel Cinematic Universe.

A new Star Wars TV series is in the works.

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Walt Disney's shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant's commitment to build a service that will compete aggressively with video streaming pioneer Netflix. Deadline reports the company is developing new TV shows for their upcoming digital streaming service.

Speaking Thursday, Iger said explicitly that Disney is not trying to make a Netflix killer, saying on the company's conference call that, "Our goal here is to be a viable player in the direct-to-consumer space, [a] space that we all know is a very, very compelling space to be in".

Disney was making all the right strategic decisions as it builds out the streaming business, Evercore ISI's Vijay Jayant said. Iger did take a few minutes to speak out pricing and content on the network, which is expected to launch in 2019.

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The deal in question revolved around Disney potential purchasing of virtually all of 21st Century Fox's non-news and non-sports-related assets.

Needham analyst Laura Martin said the success of previous acquisitions and the lower streaming-service price point "could be a key strategic driver for the acquisition of FOXA or another large and diversified film and TV library".

Netflix's stock, which has climbed 52 percent this year, was down 2 percent on Thursday morning.

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Disney streaming service to cost much less than a Netflix subscription