Walt Disney Co Chief Executive Bob Iger said the company's earnings per share for this year will roughly be in line with what it reported last year, CNBC reported, sending its shares down 3 percent. But now Disney is slamming the door shut on a renewed Netflix deal, choosing instead to use movies like Iron Man, Captain America, and the forthcoming Star Wars: Episode IX as a draw to a new Disney-owned streaming service.
When Disney announced the streaming service last month, the company did not yet have an answer on the fate of the Star Wars and Marvel films. However, it will bolster the amount of premium content available on its own digital service and thus, Mr. Iger is betting, its appeal to consumers.
From a business perspective, it is understandable why Disney would want to bring their two biggest franchises with them as they launched a service that would compete directly with Netflix. In 2019, they are going to launch their own streaming service and will be competing directly with Netflix, Hulu and everyone else out there.
USA angers Afghans with 'offensive' leaflet drop
It was later said that there was never any question of capturing the man responsible for the deaths of more than 3,000 Americans. The Pakistani minister added that his country is not feeling threatened by the USA following the harshly worded Trump speech.
That said, this could ultimately force fans to chose between Disney and Netflix.
Iger also said that Disney has spent time and money developing original films for the app. Disney studios will produce four to five original films for the app, which is scheduled to launch in 2019.
Some of Netflix's more popular original shows are the ones it's produced with Marvel - series like "Daredevil", "Jessica Jones" and "Luke Cage". Mr. Iger said the company will share details on how much it will spend on the service later. In addition to including every CBS show known to man, All Access is the home of The Good Wife spinoff The Good Fight as well as their new Star Trek series Discovery.