Disney quarterly profit falls short as streaming costs rise

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

This will include not only Marvel films, but all of the Star Wars movies and Disney releases as well.

Without getting into specifics about how Disney will bifurcate development on all its new goodies between the theater and the living room, Iger emphasized the ongoing importance of feature films, while acknowledging that Fox's new Marvel brands will be vital to the success of its forthcoming digital streaming service.

Disney CEO Bob Iger hinted at potential Fox related Marvel content for its upcoming streaming service today. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point.

So does that give us more of an idea of when the streaming platform will hit? Yes, I know. We've known about the transition that Disney will be making away from Netflix into their own streaming service for quite some time now, but thanks to a new report from the New York Times, we now have some semblance of an idea of when that will be...sort of.

Speaking to analysts after the company reported less-than-stellar Q3 results, Iger said that Disney will "continue to move full steam ahead with our direct-to-consumer strategy", which he referred to in his remarks as "Disney Play", with last year's acquisition of the BAMTech technology outfit enabling it to enter the OTT TV space "quickly and effectively".

Due to syndication deals which are already in place, there will be some properties which won't be available at the launch of the streaming service.

Iger said he did not believe the launch of an OTT TV service would complicate Disney's relationship with its distribution partners and said traditional distributors were "very, very interested in distributing our D2C products" just as they increasingly distribute Netflix. However, those hoping to stream most of the franchise's films will find that they'll be missing from the service - at least, at first.

Despite record-breaking box office performances from titles like "The Incredibles 2" and "Avengers: Infinity War", Disney's third-quarter earnings missed analyst projections, the company announced on Tuesday, reporting earnings of $1.87 per share.

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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