Jon Favreau Star Wars Series Has a $100 Million Budget

Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

Acknowledging that the Fox acquisition will also give Disney a 60% in existing streaming service Hulu as well as the Disney-branded service, Iger said that the company aimed to provide a range of options for consumers rather than to try to combine all its content into a single aggregated play.

Like with its Marvel films, Disney had previously licensed the streaming rights for its Star Wars titles, including Star Wars: The Force Awakens and Star Wars: The Last Jedi.

In the earnings call this afternoon, Disney CEO Bob Iger stated that Disney's new streaming service will debut in late 2019. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix.

Worth a mention is that Iger said the Marvels shows planned for the streaming service will have a chance to explore the characters acquired from Fox (so it sounds as if some of the X-Men characterless will be coming to Marvel TV, which is already involved with the Fox TV series The Gifted and Legion).

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"The price will reflect a lower volume of product, as will the cost of producing and owning that content", Iger explained.

When Disney launches its streaming service next year, don't expect to be able to stream all of Disney's biggest franchises, including Star Wars. We know the Disney movies remain on the service for a year and a half, but will that time period be cut short by the launch of the competing service?

A lot of details were revealed, though, and here is what we now know about Disney's new streaming service. For now, Disney has sold the rights to these movies to places like Netflix.

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.

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Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.

Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther".

That is unless he was one of Thanos' victims who also vanished into dust. In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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