Disney has announced the launch date of the long-awaited streaming service that will contain a large number of content for competing competitors such as Netflix and Amazon Prime.
CEO Bob Iger revealed that the launch will take place in 2019 and – to attract comic and sci-fi fans – recently unveiled plans for a new Marvel and Star Wars series.
The company will take over the existing Netflix content at the end of this year and transfer it to their own online library with Disney + subscriptions at an unknown date.
The Disney and Pixar titles will be available on Netflix until the end of 2018 – with the exception of Disney subsidiary Marvel & # 39; s TV shows, which remain on the platform.
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Diego Luna, here as rebel espionage Cassian Andor in Rogue One: a Star Wars story, plans to play the lead role in the prequel of the new Disney subscription service
The British actor Tom Hiddleston plays a leading role in a new pre-war series from the Star Wars for Rogue One: A Star Wars Story.
The show will follow rebellion espionage Cassian Andor in a series of what Disney describes as "stories filled with espionage and daring missions to restore hope to a galaxy in the grip of a ruthless empire."
A release date for the unnamed Rogue One prequel series has not yet been announced.
Hiddleston will also resume his role as the villain Loki, whom he has previously portrayed on the screen as part of the Marvel Cinematic Universe, for a separate series.
Disney chairman Mr Iger unveiled the name of the new service and the launch date during a conference call with Wall Street analysts on Thursday afternoon.
Bob Iger, chairman and CEO of Disney, unveiled the name of the brand-driven streaming service to be launched at a conference with Wall Street Analysts at the end of next year
The British actor Tom Hiddleston, here in Thor: Ragnarok, plays a new series based on Disney daughter Marvel Entertainment, the comic book Loki
WHAT WERE THE FINANCIAL PROJECTIONS FOR DISNEY?
Total revenue increased by 12 percent in the quarter to £ 10.74 billion ($ 14.3 billion), above the average analyst estimate of £ 10.54 billion ($ 13.73 billion).
Net earnings were up 33 percent to $ 2.3 billion and adjusted earnings per share of £ 1.76 ($ 1.48) for Beatanalysts' consensus of £ 1.03 ($ 1.34), according to IBES data from Refinitiv.
Shares of Disney, which this year won almost eight percent, rose 1.7 percent in trading outside the hours to £ 90 ($ 118).
Disney is trying to transform itself into a broad digital entertainment company, because in recent years the public switched to streaming services such as Netflix and Amazon Prime.
It is expected that they will complete their acquisition of £ 54.71 ($ 71.3 billion) in Twenty-First Century Fox assets.
Shares of Disney, which this year almost eight percent have won, increased by 1.7 percent in trade after closing time.
The CEO was optimistic about the prospects for Hulu, an on-demand and live TV service that Disney will own 60 percent after the Fox purchase.
Iger also said that he would be interested in buying the remaining bets from Comcast Corp. and AT & T Inc., if they were willing to sell.
Disney gives investors a first look at the Disney + app and its programming during a conference in April.
Disney already has a service that shows classic movies, animations and pixel films, called "Movies Anywhere & # 39 ;. Here a silence of Belle and the Beast
Disney + probably attracts many Marvel fans from streaming giant Netflix. Disney is trying to transform itself into a broad digital entertainment company, because in recent years the public switched to streaming services
Disney will take a first look at the Disney + app and its programming at an investor conference in April. The company wants to compete with competitors in the field of digital streaming
The new service could lift the company's stock if it proves Netflix and Amazon, said Haris Anwar, senior analyst at Global Financial Platform, Investing.com.
"The big beat of Disney's expectations is great news for the company that is preparing to absorb competitors in the video streaming activities that take away ad dollars and consumers," Anwar said.
The profit in Disney & # 39; s film studio more than doubled to £ 457 million ($ 596 million) thanks to hits such as Ant-Man and the Wasp & # 39; and & # 39; Incredibles 2. & # 39;