Monday, 20 August, 2018

Jon Favreau Star Wars Series Has a $100 Million Budget

The Live-Action Star Wars Show Will Reportedly Be Very Expensive Jon Favreau Star Wars Series Has a $100 Million Budget
Stacy Diaz | 08 August, 2018, 20:52

With a rumored $7.99 price point we know the companys goal is to at least be cheaper than would be rival Netflix, who is now airing Disney properties until the end of the year.

Last month saw the Disney and Fox Studios merger approved, which sees the House of the Mouse aquire the likes of James Cameron's Avatar franchise, the Ridley Scott Alien franchise, and of course the X-Men and Fantastic Four characters.

Iger, on a post-earnings webcast, said growth of smaller channel bundles delivered online had helped make up for customers dumping larger cable packages. Old Disney movies and over 5,000 episodes of Disney television shows will fill out the service's offerings. The service will not, however, carry the volume of content found on Netflix, Iger added.

According to Disney, their new streaming service will focus on the "core Disney fan" and will be mostly family-friendly content that Disney is known for.

Acknowledging that the Fox acquisition will also give Disney a 60% in existing streaming service Hulu as well as the Disney-branded service, Iger said that the company aimed to provide a range of options for consumers rather than to try to combine all its content into a single aggregated play. And if that's the case, then Avengers: Infinity War and Black Panther will also be on the streaming service through all of 2019 as well.

Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon. For now, Disney has sold the rights to these movies to places like Netflix. The only Marvel properties that will survive the great VOD dusting will be Netflix's TV shows.

Disney is "on track" to launch its Disney-branded streaming service late next year, with "numerous original projects now in various stages of development and production", according to CEO Bog Iger.

Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.