Disney Provides Some Pricing Details For Direct-to-Consumer Streaming Service

Disney Provides Some Pricing Details For Direct-to-Consumer Streaming Service

Disney Provides Some Pricing Details For Direct-to-Consumer Streaming Service

For now, Disney has sold the rights to these movies to places like Netflix.

According to a Sunday report from the New York Times, Disney's upcoming Star Wars TV show being developed by Jon Favreau is expected to cost roughly $100 million for 10 episodes.

Disney exec Ricky Strauss is in charge of the new streaming service, as president of content and marketing.

ESPN's highly profitable operation has been under pressure in recent years as consumers cut the cord and flock to such streaming services as Netflix and Amazon Prime video. 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.

"We want to walk before we run when it comes to volume of content", Disney CEO Bob Iger told Variety, also hinting that the service will initially undercut Netflix's subscription cost. We know the Disney movies remain on the service for a year and a half, but will that time period be cut short by the launch of the competing 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.

Angelina Jolie claims Brad Pitt is not paying enough child support
According to a new report from NBC News , Jolie will seek a court order to force Pitt to pay. The documents did not clarify how much is considered " meaningful child support ".

Elon Musk’s Tesla Claim Could Land Him in Regulatory Trouble
News about the idea first surfaced this afternoon on Twitter via Musk, who tweeted, "Am considering taking Tesla private at $420". A buyout at US$420 per share probably won't let Musk reap any benefit from the US$2.6b stock option grant he received this year.

Brokers Opinions on: Tesla Motors inc (NASDAQ:TSLA)
Tesla Motors inc (NASDAQ: TSLA ) now has a Weekly Volatility of 3.66% percent while its Monthly Volatility is at 4.19% percent. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.

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.

An upcoming Star Wars TV show might be quite expensive.

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.

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.

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

Recommended News

  • Ferdinand urges Man Utd not to sell Pogba

    Ferdinand urges Man Utd not to sell Pogba

    Barcelona's opening offer, if they are serious about signing Pogba, was in the ballpark of "derisory". There is also no indication at this stage that Pogba is willing to agitate for a transfer.

    Elon Musk indicates taking Tesla private as he posts 'funding secured' tweet

    Tesla spokespeople have not yet confirmed the proposal to any media outlets. - CBS News' Jillian Harding contributed reporting . Elon Musk is considering taking Tesla Inc private, the chief executive officer of the electric car-maker tweeted on Tuesday.
    Arsenal fans slam Kroenke takeover

    Arsenal fans slam Kroenke takeover

    Kroenke now owns 67% of the club's shares and his offer is to buy the 30% of shares owned by minority stakeholder Alisher Usmanov .
  • Trade War: Trump says tariffs are working

    Trade War: Trump says tariffs are working

    In a statement , the Commerce Ministry said China could add duties of 5, 10, 20 or 25 percent on 5,207 types of USA imports. China vowed to retaliate while also urging Washington to act rationally and return to talks to resolve the dispute.
    Dead fetus found on airplane at LaGuardia Airport today

    Dead fetus found on airplane at LaGuardia Airport today

    The plane was later moved to an American Airlines hangar. "Please check with @AmericanAir before your departure", the post said. Airport officials this morning tweeted about possible delays, but did not make mention of the reason.
    West Hollywood council wants Donald Trump's star removed from Walk of Fame

    West Hollywood council wants Donald Trump's star removed from Walk of Fame

    Last month, 24-year-old Austin Mikel Clay destroyed Trump's star with a pickax and later turned himself into police. The star is one of more than 2,600 set into the pavements on Hollywood Boulevard and Vine Avenue.
  • New Jersey Woman Pays It Forward, Picks Up Keith Urban’s Wawa Tab

    New Jersey Woman Pays It Forward, Picks Up Keith Urban’s Wawa Tab

    When the customer in front of her Friday at Wawa was having an issue at the register, she jumped at the opportunity to help. Though an American country music star, Urban famously hails from New Zealand. "And he said, 'What's your name?' Ruth".
    Brooklyn Nail Salon Workers Attack Woman With Broom

    Brooklyn Nail Salon Workers Attack Woman With Broom

    The n0w-viral video shows a nail salon in chaos - a loose flip-flop on the floor, manicure stations pushed roughly to the side. She was released on her own recognizance after a hearing at Brooklyn Criminal Court, according to the Post .
    Baby's body pulled from water near Brooklyn Bridge

    Baby's body pulled from water near Brooklyn Bridge

    Diana Campbell took video and photos of the scene, hoping the images would be helpful in identifying the infant. A family visiting from Stillwater, Oklahoma, spotted the boy, about eight months old, at about 4pm Sunday.
  • Demi Lovato checks out of hospital after reported overdose

    Demi Lovato checks out of hospital after reported overdose

    She wrote in an open letter posted on Instagram: "I have always been transparent about my journey with addiction". Your positive thoughts and prayers have helped me navigate through this hard time'.

    Arsenal valued at £1.8bn as Kroenke offers to buy remaining shares

    Kroenke now owns 67% of the club's shares and his offer is to buy the 30% of shares owned by minority stakeholder Alisher Usmanov. Kroenke, who - like Usmanov - first started amassing shares in Arsenal in 2007, succeeded in gaining full control in 2011.
    Apple Pulls Five InfoWars Podcasts From iTunes Over 'Hate Speech'

    Apple Pulls Five InfoWars Podcasts From iTunes Over 'Hate Speech'

    At least, that's what his lawyer told a judge when Jones was embroiled in a custody battle with his ex-wife past year . Apple removed five of six Inforwars podcasts from iTunes and its podcast platforms, Buzzfeed news reported on Sunday.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.