Disney is gearing up to premiere their own streaming service.
Now a new article in the New York Times reveals that the ten-episode first season of the Favreau Star Wars series will have a combined budget of $100 million, making each episode roughly $10 million a piece.
We know Disney's Netflix-like paid streaming service is on its way, but we don't know much about the content that will arrive with it.
Due to prior licensing deals, Disney's initial offerings will pale in comparison to those of Netflix.
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.
Alvarez KO’s Kovalev to win 175-pound title in AC
Kovalev was the more aggressive of the two boxers and was winning the majority of the rounds heading into the seventh. Once again, Kovalev got back up to continue the fight, but he probably would have been better off staying down.
Launching the streaming services is Disney's biggest priority next year, Iger said.
Like with its Marvel films, Disney had previously licensed the streaming rights for its Star Wars titles, including Star Wars: The Force Awakens and Star Wars: The Last Jedi.
Subscription growth for ESPN+, a pay streaming service launched in April, is "exceeding our expectations", Iger said. Now, thanks to this report, we know that from Captain Marvel on, they will be heading to Disney's own platform. Marketing is about telling a story, and his (Strauss) background in that area allows us to collaborate and create new content. Recently, we reported that the service may not have access to the Star Wars feature films until 2024, you can read that by clicking the link below, so perhaps Disney is looking to really up the ante on the cinematic quality of the live-action series. However, those deals are not yet set to expire until 2024 and could end up costing Disney a substantial amount of money in order to satisfy AT&T-owned Turner Broadcasting's financial demands.
Keep in mind that this is nothing more than another Star Wars rumor for now, but the far-flung setting will no doubt spark conversation about some of the franchise's most iconic characters, like Sabine, Bo-Katan and the legendary Darksaber. It is scheduled to open on December 20, 2019.