Disney says its new streaming service won't rival Netflix

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The details from Disney CEO Bob Iger came as Disney reported a growth in earnings for the latest quarter, though results missed expectations.

USA regulators approved the deal in May.

With Disney launching its very own streaming service sometime next year, we know very little about what the industry has taken to calling “Disneyflix”.

Beginning with Captain Marvel, all Marvel Studios films will begin streaming on Disney's upcoming streaming service, following their respective theatrical runs, according to the New York Times.

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ESPN's highly profitable operation has been under pressure in recent years as consumers cut the cord and flock to such streaming services as Netflix and Amazon Prime video. Fans can look forward to some aspect of all those titles to be available on the streaming service, along with movies and shows from Pixar, Marvel, Star Wars, and Disney cartoons.

When Disney launches its streaming service next year, don't expect to be able to stream all of Disney's biggest franchises, including Star Wars. As Disney hasn't renewed its streaming deal with Netflix, though, Star Wars: Episode IX will hit the streaming service following its home release in 2020.

"If a consumer wants all three, ultimately we see an opportunity to bundle them from a pricing perspective", Iger said, explaining that the reason for keeping them separate lies in a philosophy that smaller, more consumer-directed bundles seem to be the future of streaming, and trying to aggregate all of Disney's diverse content into one place would likely become unwieldy.

Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.

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On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.

Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.

Elsewhere, Disney's studio and entertainment division saw a 20 percent boost in sales, to $2.88 billion, due mainly to the success of "Avengers: Infinity War" and "Black Panther". In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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