Disney's live-action Star Wars series could cost whopping $100M

Disney's live-action Star Wars series could cost whopping $100M

Actor and director Jon Favreau (Iron Man, The Jungle Book) is now hard at work executive producing and writing a live-action Star Wars TV series for Lucasfilm and Disney's new direct-to-consumer streaming service. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix.

On top of the original Marvel series, Disney is in development on a new live-action Star Wars series as well as TV series adaptations of Pixar's Monsters Inc.

The report also details other Disney movies destined to debut on the service, including the $45 million Timmy Failure being directed by Spotlight's Tom McCarthy, remakes of Lady and the Tramp and The Sword in the Stone, Noelle starring Anna Kendrick, the sled dog movie Togo, a remake of Three Men and a Baby, The Paper Magician and Stargirl.

The company plans to launch its own streaming service for family entertainment in late 2019.

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This confirms what has been suspected all along, that the streaming rights would kick over for all of Disney's movies starting in 2019 and beyond.

This isn't exactly surprising news; we always expected Disney to bring the MCU "home", but it does mean one of the few remaining members of Earth's mightiest heroes who will still be around to protect Netflix from evil is this guy. So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars". In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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