Disney releases important details and launch of new streaming service

This deal is getting worse all the time. 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.

Disney CEO Bob Iger recently released details of what can be expected in this new service, as well as the projected launch date.

Disney Chairman Bob Iger announced the release date - which is almost 40 years to the day that Star Wars: A New Hope hit theaters in 1977 - at a shareholder meeting Thursday. This includes Captain Marvel, Dumbo, Frozen 2, Star Wars Episode IX and more. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.

Even though the Disney streaming service won't initially have Star Wars, they will still have a considerable amount of powerful brands to justify launching the service. There's no word on a timeline beyond initial rollout, but come 2019, this definitely seems like one streaming service you might not be able to live without.

In order to compete with those services, Disney is acquiring Twenty-First Century Fox's film and entertainment assets - and it is developing a streaming service that will incorporate Disney and Fox content.

When Thanos snapped his fingers he halved the universe's population, but that seems like mercy compared to what Disney will be doing to Netflix when the Mouse House launches its very own streaming service next year, because Disney will be moving every movie from the Marvel Cinematic Universe to its own site. "And we don't really need to do that".

Now the trick for Disney is to make their homegrown streaming services appealing to their fans, and the general public, while still maintaining their current revenue levels from more traditional distribution. Be sure to follow Doctor Disney on Twitter and Instagram as well.

It wasn't too many years ago when Disney said there was nothing to worry from companies like Netflix and that they'd continue to focus on their broadcast and cable deals.

Disney is "on track" to launch its Disney-branded streaming service late next year, with "numerous original projects now in various stages of development and production", according to CEO Bog Iger. Who knows, they're certainly going to give it a try.

Vanessa Coleman