"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. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix. Some reports have said it could be as cheap as $5 a month. Apparently there are only three more Marvel movies (all 2018 releases) heading to Netflix: Black Panther, Avengers: Infinity War, and Ant-Man and the Wasp.
If you're a Netflix subscriber and you've regularly relied on Netflix as a means to eventually consume movies set in the Marvel Cinematic Universe, then I have some bad news for you...it won't be happening for much longer. These contracts will need to end before they can appear on the new Disney streaming service.
Disney is building the streaming service as more people switch from traditional cable TV bundles to streaming online though services like Amazon and Netflix.
Disney executive Ricky Strauss, president of content and marketing for the still-unnamed streaming service, gave some of the first details to The New York Times about what the site will look like when it launches in 2019, including that they will let their licensing deal with Netflix expire.
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.
Rick Gates says he and Manafort disguised foreign income as loans
During Gates' testimony on Tuesday , Manafort stared coldly at Gates as the business partner-turned-witness testified against him. When Weissmann has come to the courtroom - and he has not been spotted every day - he has sat alongside members of the public.
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.
On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.
Comcast is still locked in a bidding war with Fox for control of Sky, the United Kingdom satellite TV distributor.
Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.
Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.