Disney plans new Star Wars trilogy, TV series for SVOD

Walt Disney Co

In August, Iger announced the 2019 Disney streaming service and that its new ESPN-branded service would arrive in early 2018.

Disney's new film and SVOD announcements come as the company's media networks business continues to struggle, declining 3% in fourth quarter revenue to US$5.5 billion.

"We had the time of our lives collaborating with Lucasfilm and Disney on "The Last Jedi, ' " Johnson and Bergman said in a joint statement". Ben Fritz of the Wall Street Journal notes that Disney would also develop shows based on Disney properties such as, Monsters Inc., Marvel, and High School Musical.

What realm of Marvel will this future show possibly explore? Disney shares are up almost 7% so far this week, mostly on the reported Fox talks.

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Disney late Thursday said it intends to price its over-the-top television service "substantially below" the monthly rates Netflix charges.

Iger said ESPN Plus will be somewhat like two apps in one....live streaming content through various existing ESPN channels (subscription through a cable, satellite or streaming provider required) and additional content the customer can pay extra for.

Disney faced other headwinds this year, including a light release schedule of just eight films from its movie division, a drop from past years, and the ongoing challenge of finding consumer products to match the bonanzas generated by Frozen and Star Wars: The Force Awakens.

He also confirmed Disney's upcoming sports SVOD service would be called ESPN+.

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Our minds are still blown by today's news that a brand-new Star Wars trilogy is in the works - as well as a live-action Star Wars TV show.

A recent report from CNBC claimed Disney wanted to purchase a large majority of 21st Century Fox, including the rights to films like the X-Men franchise and TV series like Futurama.

There are no details whatsoever regarding what either series will be about, but both are expected to debut before the end of 2019, soon after Disney launches their new service. Details are super-light, but a creative universe with possibilities that run the gamut from Spider-Man to The Avengers to Guardians of the Galaxy to Thor... well, you get the idea.

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