The Live-Action Star Wars Show Will Reportedly Be Very Expensive

Irene MckinneyAug 08, 2018

Due to prior licensing deals, Disney's initial offerings will pale in comparison to those of Netflix.

During the call, he reiterated that the app will feature all new Disney content going forward from calendar year 2019, as well as original TV and film productions created for the app, exploiting Disney's intellectual property, including Marvel, Pixar, 20th Century Fox, and Lucasfilm.

Regarding the streaming service, Iger said that Disney aimed to be in the "quality game" rather than the "volume game" in populating it, although it will also include a "significant amount" of library content.

Considering that CBS All Access's Star Trek: Discovery was one of the most expensive shows in TV history with a budget of between $8 million and $8.5 million per episode then it becomes apparent just how much Disney is investing in both Favreau's show and its streaming service at large.

When Thanos snapped his fingers he halved the universe's population, but that seems like mercy compared to what Disney will be doing to Netflix when the Mouse House launches its very own streaming service next year, because Disney will be moving every movie from the Marvel Cinematic Universe to its own site.

Disney said the loss at BAMTech, which was consolidated by Disney previous 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.

The details from Disney CEO Bob Iger came as Disney reported a growth in earnings for the latest quarter, though results missed expectations.

A recent report implied that Disney was in talks to reacquire the cable rights for the original trilogy and the prequels. Excluding one-time items like a benefit from lower federal tax rates, income was $1.87 (roughly Rs. 128) per share.

Disney, which has been pushing up prices at its theme parks in recent years, saw the latest price hike lead to a slim 1 percent gain in U.S. theme park attendance in the period - down from an 8 percent increase last year - while hotel occupancy rates dropped to 86 percent from 88 percent.

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. Over on Making Star Wars, for instance, there's a new tidbit alleging that Jon Favreau plans to whisk viewers off to Mandalore three years after the Empire's downfall. 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.

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