Media giant hints at details of Disney/ESPN streaming services

Nichole Vega
November 11, 2017

Both shows will be exclusive to the new streaming service Disney is preparing to launch, putting them in competition with Netflix, Hulu, Amazon, and others.

The entertainment giant announced in August that it would remove all of its films and television programmes from Netflix in preparation for launching its own on-demand platform.

The announcement that Episode VIII's director and writer, Rian Johnson, is developing a brand new Star Wars trilogy would be big enough on its own, but Disney has even more plans for the galaxy far, far away.

Some of those shows will reportedly include a live-action Star Wars series, a spinoff of Monsters Inc, and a project based on the hit High School Musical franchise.

As soon as we know more, we'll let you know, sports fans. The House of Mouse will also develop an original live-action Star Wars TV series for its direct-to-consumer SVOD service. "It will be substantially below Netflix because we'll have substantially less volume".

As it now stands, the rumors of a sale have made Fox and Disney shareholders alike happy - as of Friday alone, the Twenty-First Century division of Fox has seen an increase of 4% to their stock's value since the rumors first got out, and Disney has seen a more modest increase of 2.9%. According to Variety, Iger has said that Disney is now working on shows based on Monsters Inc., High School Musical, as well as a new series from Marvel.

Iger has also hinted that the lower price would be a promotional strategy, and as the service gains ground, it would increase the pricing.

The news helped Walt Disney shares reverse a slide in extended trading Thursday.

Mr. Iger also revealed that an ESPN digital offering scheduled for next year will debut in the spring and be called ESPN Plus. Netflix fell 1.3% to 191.40 intraday after falling as low as 189.50, briefly undercutting a 190.05 buy point. For reference, the cost of a Netflix subscription now ranges from $8 to $14 a month.

Earlier Thursday, Disney-owned Lucasfilm announced that Rian Johnson, writer/director of the Star Wars: The Last Jedi (in theaters December 15), will create a new Star Wars movie trilogy. An worldwide version of the service might release before the U.S. launch, however, due to streaming rights.

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