Disney is developing new television series based on some of its biggest franchises - "Star Wars", "Monster Inc.", "High School Musical" and Marvel - that will be carried on a Netflix-style streaming service set to launch in the second half of 2019, Mr. Iger told analysts. It could be at least a couple years before that show actually arrives, though.
As we anticipate the next Star Wars movie this December - Star Wars: The Last Jedi, Disney has revealed that the movie's director, Rian Johnson will be making an entirely new Star Wars trilogy. For the 2017 fiscal year, which ended September 30, the company reported diluted earnings per share of $5.69, down 1 percent from the previous year. Iger said the company plans "four to five original movies a year, in addition to the original TV series", according to Variety, so perhaps we may be getting both.
Disney revenues were down 3% to $12.8 billion for its fiscal fourth quarter, with net income down 1% to $1.7 billion.
In recent quarters, the company's theme-park division came to the rescue with strong earnings, driven by higher ticket prices and guest spending, along with new attractions that boosted attendance.
It was already known that Disney would be bringing over its Marvel films to their service from Netflix but now there's a chance that they will do the same with the Marvel TV series, as well.
Earlier this year Disney confirmed its intention to pull all its TV series and films from streaming services such as Netflix and Hulu, ahead of the launch of its own, as-of-yet unnamed service.
"We believe creating a direct-to-consumer relationship is vital to the future of our media businesses, and it's our highest priority this year", he said.
Now the streaming world is dominated by Netflix, Amazon and Hulu.
The earnings report comes as reports that Disney is considering acquiring some of Fox's entertainment assets.