Netflix Stock Retreats On Disney Competitive Threat

Netflix Stock Retreats On Disney Competitive Threat

Gearing up for the launch of a new Disney streaming platform, the media giant has promised its subscription rates will not be as high as those of its principal rival, Netflix.

Disney's new service, then, doesn't really pose a risk to Netflix in terms of subscribers jumping ship, or even all that large of a threat that folks won't sign up for Netflix.

"We had the time of our lives collaborating with Lucasfilm and Disney on "The Last Jedi, ' " Johnson and Bergman said in a joint statement". He also said that there will be a new TV series based on Pixar's 2001 film Monsters Inc. and another series based on High School Musical, as well as a new series from Marvel. An example being, if a director or show producer has an idea, now Netflix is up against Disney, Hulu, Amazon and more for the rights to the show. "That is in part reflective of the fact it'll have less volume", added Disney's top executive. The next two fiscal years look good for the film slate as well, she notes, with a pair of Star Wars canon films yet ahead, and another trilogy on the way along with stand-alone films like Solo.

Having also made a decision to pull Marvel and Lucasfilm movies off Netflix, the moves signal that Disney is not afraid to draw upon its vast well of intellectual property to lure in new subscribers.

Disney streaming service is set to launch in 2019, and Netflix Inc, Inc.

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I would'nt be surprised if Disney took advantage of the D23 Expo to launch the service as Bob specifically called out D23 Members as potential users of the service.

The news that spinoffs of the Netflix shows will remain separate from Disney's streaming service is crucial, as it holds the promise for series based on Heroes for Hire and Daughters of the Dragon.

Disney has big things planned for the future.

As reported by The Wrap, Iger explained that the price of the service will be connected to the amount of content that it will carry.

For the quarter ended September 30, Disney reported earnings of $1.07 a share, excluding some items, missing the $1.14 average of analysts' estimates. Marvel's New Warrior could be one of the many series to come to the Disney streaming service. Deadline reports the company is developing new TV shows for their upcoming digital streaming service.

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