According to CNBC, Disney is in talks to purchase most of 21st Century Fox.

Rey (Daisy Ridley) seeks out Luke Skywalker in ‘Star Wars: The Last Jedi’ but in addition separates from her mates.(Photo: Lucasfilm)

A live-action Star Wars TV sequence is among the many tasks within the works for Walt Disney’s direct-to-consumer subscription streaming video service, set to launch in late 2019, in keeping with firm CEO Robert Iger. 

Also deliberate: new Marvel, Pixar Monster and High School Musical sequence, he mentioned.

The information helped Walt Disney shares reverse a slide in prolonged buying and selling Thursday.

In addition to providing the most recent Disney Pixar, Marvel and Star Wars characteristic movies after they play in theaters, the service may even have 4 or 5 unique characteristic movies every year, Iger mentioned.

Describing the as-yet-unnamed service, Iger in contrast it to Disney’s theme parks.

“When you go in then you see Marvel and Star Wars and Pixar, for instance. So it’s a collection — it will be a collection of just those brands,” he mentioned Thursday on a convention name with funding badysts.

In August, Iger introduced the 2019 Disney streaming service and that its new ESPN-branded service would arrive in early 2018. That service will probably be referred to as ESPN Plus, he mentioned Thursday.

Earlier Thursday, Disney-owned Lucasfilm introduced that Rian Johnson, author/director of the Star Wars: The Last Jedi (in theaters Dec. 15), will create a brand new Star Wars film trilogy.

Disney shares (DIS) initially dipped three% after the corporate reported combined outcomes for the July-September quarter. But the inventory worth rose to just about 1% two hours after the market’s shut at $103.57.

Hurricane Irma had an impact on Disney’s home resort and cruise enterprise, the corporate mentioned. And greater prices for sports activities programming lower into media networks’ income.

Net revenue for the quarter declined 1% to $1.75 billion, however outcomes matched expectations of badysts polled by S&P Global Market Intelligence.

Revenue of $12.78 billion was down three% and missed expectations of $13.three billion..

Overall, Disney’s studio income fell 21% to $1.43 billion, as a result of Cars three could not match 2016’s Finding Dory.

Disney’s media networks, its greatest phase, noticed income decline three% to $5.5 billion. Iger didn’t tackle stories that ESPN was planning layoffs of about 100 staff, as reported by a number of media retailers — and ESPN spokesperson Mike Soltys declined touch upon the report.

Iger mentioned Disney has “never lost our bullishness about ESPN. The brand is strong, the quality of their programming is strong. They’re always opportunities to improve.”

Iger and Disney officers additionally sidestepped any feedback on information stories from earlier within the week that Disney had been in talks with Fox to purchase a few of its property together with the film studio.

More: Disney Cruise Line to increase voyages out of San Diego

More: Disney ends ‘Los Angeles Times’ ban after widespread backlash from movie critics

More: Disney Cruise Line to increase voyages out of San Diego


Film critics throughout the nation stood in solidarity with the Los Angeles Times after Disney blacklisted the publication.
Video supplied by Newsy




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