Disney Plans To Launch Netflix Rival 'Aggressively'

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Pricing hasn't been announced, and while Iger said that the Disney streaming service will be priced less than a Netflix subscription, he didn't say anything specifically about the pricing strategy for ESPN Plus.

Chief Executive Robert Iger disclosed new details on coming streaming services and the Star Wars film franchise as the company reported declines in three of its four core businesses for its latest quarter. In addition to the "Star Wars" TV series, Disney is working on TV adaptations of Pixar's "Monsters Inc.", the Disney Channel's "High School Musical" franchise and an original series from Marvel. Plus, it's highly unlikely Disney would be willing to roll the dice on R-rated superhero fare like Deadpool and Logan, so a little diversity obviously isn't a bad thing here.

Close Modal Window Hang on for a minute.we're trying to find some more stories you might like. Marvel's New Warrior could be one of the many series to come to the Disney streaming service.

Fox's shares soared following the talks with Disney, and the current share price according to Nasdaq (as of the closing bell November 9) is $28.725 for Class A, and $28.13 for Class B. "But it'll simply launch with less volume, and the price will reflect that", he said.

Sexual accusations against Moore tough to prove
John McCain . "He should immediately step aside and allow the people of Alabama to elect a candidate they can be proud of". At least two said they would vote for Moore even if he had committed sex crimes against a 14-year-old.

Disney stock was up 2.6%, near 105.30, in afternoon trading.

Walt Disney Co (NYSE:DIS) shares nudged higher after hours despite the media and film giant posting fourth quarter numbers that missed expectations.

Currently, Netflix plans start at $7.99 per month and jump to $10.99 for HD and $13.99 for Ultra HD plans. Iger did not address reports that ESPN was planning layoffs of about 100 employees, as reported by several media outlets - and ESPN spokesperson Mike Soltys declined comment on the report. Rian Johnson, the writer-director of this December's "The Last Jedi", is developing "a brand new Star Wars trilogy" for Disney, the CEO said.

ESPN, the focus of many an earnings call past, largely escaped scrutiny Thursday, thanks to Iger's announcement that the new direct-to-consumer, ad-supported streaming platform will be called ESPN Plus and will be set to debut in the spring of 2018. Apple committed to a two-season order of 20 episodes total of the untitled series that will center on the lives of morning TV news stars.

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