Every MCU movie now hosted on Netflix will be leaving the site, and the next film in the franchise, next March's Captain Marvel, will be the first to head directly to Disney's site instead of Netflix. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.
"We're pleased with our results in the quarter, including a double-digit increase in earnings per share, and excited about the opportunities ahead for continued growth", Disney CEO and chairman Bob Iger said in a statement. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point. "Having earned the overwhelming support of shareholders, we are more enthusiastic about the 21st Century Fox acquisition than ever, and confident in our ability to fully leverage these assets along with our own incredible brands, franchises, and businesses to drive significant value across the entire company".
Disney exec Ricky Strauss is in charge of the new streaming service, as president of content and marketing. Disney has seen "noticeable improvement in the rate of (subscriber) loss in each of the last four quarters", he said.
Disney's upcoming streaming service won't try to compete directly with Netflix and Amazon, but will focus instead on quality - namely original programs from Disney's "Star Wars", Pixar, and Marvel brands. 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.
Trump vows to impose tariffs on more Chinese goods
After months of escalation, business communities in both countries are wondering when and how the trade confrontation will end. The latest charge comes after the USA said it would implement another round of tariffs on $16 billion worth of Chinese goods.
Transfer: Chelsea tell Real Madrid to pay 225m for Hazard
The England worldwide has been linked with a host of different Premier League clubs in the summer transfer window. We didn't talk about this, the Italian said when asked about the playmaker's future.
Bayern beat Man United in final pre-season test
Manchester United appear to have named Marcus Rashford as the club's new number 10 ahead of the upcoming season. If they can't, or won't, United will look slow and stagnant when they attack.
Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther".
Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.
The one business that saw a drop in revenue was also Disney's smallest segment, Consumer Products and Interactive Media.
Disney stock dipped 2% in after-hour trading, falling to $114.31.