Disney Streaming Service Won't Include Pre-2019 Star Wars Films

Disney's upcoming streaming service could contain a 10-episode, $100 million Star Wars show

Iger also said that there was no plan to merge or bundle together this new service with Hulu or its sports streaming service ESPN+. This, as Disney CEO Bob Iger noted, will be reflected in the price. Now, thanks to this report, we know that from Captain Marvel on, they will be heading to Disney's own platform.

Disney recently secured the rights to X-Men from FOX, and will have to go through AT&T for streaming rights to Star Wars. Much like Netflix, the company will produce numerous exclusive full-length movies for the service. These contracts will need to end before they can appear on the new Disney streaming service.

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.

It's been one of the bigger mysteries surrounding Disney's upcoming streaming service: what's going to happen to all those Marvel Studios movies now on Netflix?

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.

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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.

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. The average estimate of four analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.97 (roughly Rs. 133) per share.

That would put the series as one of the priciest TV shows around in a world of rapidly-spiralling TV production costs, as prestige dramas become grander in the age of peak TV. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.

Revenue rose 7 percent to $15.23 billion - also missing forecasts. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".

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