Disney plans to launch its standalone streaming service in 2019.
Robert Iger, chief executive of Walt Disney Co, also revealed details of the first shows that will be released.
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World Cup victor Hope Solo accuses Sepp Blatter of sexual assault
Solo and Blatter walked on stage together to present the women's world player of the year to her USA teammate Abby Wambach . Solo joined the USA women's national team in 2000 but has not played for the nation since the 2016 Olympics in Rio.
It was a big week for Star Wars fans, as several new additions to the universe were announced. "That is in part reflective of the fact that we'll have substantially less volume".
As it now stands, the rumors of a sale have made Fox and Disney shareholders alike happy - as of Friday alone, the Twenty-First Century division of Fox has seen an increase of 4% to their stock's value since the rumors first got out, and Disney has seen a more modest increase of 2.9%.
If the traditional cable bundle were where Iger thought Disney could derive the most value for its content, it wouldn't be breaking out its content into separate offerings, a la its forthcoming ESPN bundle next year. Disney originally announced its intention to withdraw content from Netflix during an earnings report in early August. Iger's newsy bombshells late Thursday sent slumping shares reversing higher, despite the media conglomerate's unexpected profit and revenue declines that initially hit the stock.
Currently, Netflix plans start at $7.99 per month and jump to $10.99 for HD and $13.99 for Ultra HD plans. The streaming internet giant broke out of a cup-with-handle base on October 5, with the catalyst being its plan to hike subscription rates.
Ahead of the highly anticipated December 15 premiere of Star Wars: The Last Jedi, Disney has secured a deal with Johnson to develop a brand-new Star Wars trilogy that will be separate from the episodic Skywalker saga. The series was originally ordered for the ABC Family. The service is scheduled for launch by the end of 2019, and Disney is looking to expand their offer.