Published: Wed, August 08, 2018
Life&Culture | By Sue Mclaughlin

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

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

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.

Disney raised its offer for the assets in June from $52.4bn to $71.3bn and also for the first time made an alternative available to Fox shareholders who would rather receive cash instead of Disney shares.

In a statement, Iger said he was excited about "opportunities ahead for continued growth".

Walt Disney Co (DIS.N) missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.

Iger said he did not believe the launch of an OTT TV service would complicate Disney's relationship with its distribution partners and said traditional distributors were "very, very interested in distributing our D2C products" just as they increasingly distribute Netflix.

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Without getting into specifics about how Disney will bifurcate development on all its new goodies between the theater and the living room, Iger emphasized the ongoing importance of feature films, while acknowledging that Fox's new Marvel brands will be vital to the success of its forthcoming digital streaming service.

Operating income was up 5% to US$4.2 billion, with the media networks division recording a drop of 1% to US$1.8 billion as it upped spending ahead of the launch of the streaming service. The only Marvel properties that will survive the great VOD dusting will be Netflix's TV shows.

According to the article, Disney and Lucasfilm are spending roughly $100 million for 10 episodes of the Jon Favreau live-action series.

Expect more details about the lifespan of Marvel movies on Netflix as Disney gets closer to launching the service, and also keep an eye on if Doctor Strange and Guardians of the Galaxy Vol. 2 get their full 18-month tenure on the service...

Disney recently secured the rights to X-Men from FOX, and will have to go through AT&T for streaming rights to Star Wars.

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