Disney Has Plans For X-Men Characters For Marvel Shows
Aug 08 2018
However a Disney spokesperson also told the Times that as of now there are "no current plans" to also take the Marvel-themed shows that air on Netflix, including Jessica Jones, Daredevil, Luke Cage, The Punisher, Iron Fist, and The Defenders, but "no current plans" speaks for itself.
Disney is gearing up to release their new streaming service, and it looks like they will be giving Netflix and Hulu some very powerful competition.
The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn. For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series.
Come 2019, Disney will do its best Thanos impression and snap their movies up from Netflix. That being said, it is expected to land somewhere in the monthly range of $6 to $8.
Disney said the loss at BAMTech, which was consolidated by Disney past year and which provides the technology for the ESPN+ streaming service launched in April, reflected higher content and marketing costs and ongoing investment in technology.
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.
Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95.
Revenue from the movie and TV production business jumped 20 percent to $2.88 billion (about Rs. 19,800 crores), boosted by a strong box office for "Avengers: Infinity War" and "Incredibles 2".
Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts. In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.