Disney's live-action Star Wars series could cost whopping $100M

08 August, 2018, 09:58 | Author: Rafael Roberts
  • Ant-Man and the Wasp Quantum science

In the Mouse House's media networks division, which includes ESPN and ABC, operations eked out a 3 percent gain in total revenue but higher programming fees, including for the National Basketball Association, resulted in a 6 percent decline in operating profit.

Actor and director Jon Favreau (Iron Man, The Jungle Book) is now hard at work executive producing and writing a live-action Star Wars TV series for Lucasfilm and Disney's new direct-to-consumer streaming service. If you're eager to check the service out, it should be launching sometime in 2019.

"... We're also moving forward with brand new Marvel content, and as I just noted, the Fox acquisition brings even more opportunity to create original programming for this [digital] platform", he added, promising to reveal more streaming details at an investor presentation in the near future. Disney's shareholders and USA regulators have approved the Fox bid. Other countries are still studying the deal.

Hinting in an earnings call Tuesday that Fantastic Four, X-Men, Deadpool, Avatar, and more won't lie fallow for long, CEO Bob Iger name-checked a robust list of Fox franchises that fit into the studio's plans, both on the big and small screens.

Comcast is still locked in a bidding war with Fox for control of Sky, the United Kingdom satellite TV distributor.

Pinoys in Bangladesh asked to stay safe amid nationwide student protests
Dhaka's additional deputy commissioner of police Obaidur Rahman said Alam was picked up for questioning, but gave no details. A group of pro-government students attacked the student protestors with sticks, rods, stones, and pistols, said the report.

This confirms what has been suspected all along, that the streaming rights would kick over for all of Disney's movies starting in 2019 and beyond.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther".

In the fiscal third quarter, Disney's net income rose 23 percent to $2.92 billion, or $1.95 per share, from $2.37 billion, or $1.51 per share, a year ago.

Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.

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