On Tuesday afternoon, Disney CEO Bob Iger hosted the earnings call for the company and gave forth a lot of information, but the focus was on one thing in particular - Disney's new streaming service coming in 2019.
Will this impact whether you keep Netflix or subscribe to Disney's streaming site?
Worth a mention is that Iger said the Marvels shows planned for the streaming service will have a chance to explore the characters acquired from Fox (so it sounds as if some of the X-Men characterless will be coming to Marvel TV, which is already involved with the Fox TV series The Gifted and Legion).
A lot of details were revealed, though, and here is what we now know about Disney's new streaming service.
Manafort defence attorneys rip into star prosecution witness
She also said Manafort told Banc of California that his company made almost $4.5 million when the actual amount was $400,000. For the previous two days in court, Gates has testified that he and Manafort committed bank and tax fraud together.
However, users should not expect the Disney streamer to have all of Disney's extensive back catalog from the jump.
However, a recent New York Times report says Disney has been working on a live-action Star Wars show, which will be exclusive to its streaming service. That being said, it is expected to land somewhere in the monthly range of $6 to $8. With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution. It will provide a home for films post-theatrical release, older, beloved television series, and original programming for fans of all ages.
Subscription growth for ESPN+, a pay streaming service launched in April, is "exceeding our expectations", Iger said. Iger made it clear that this service will not be huge right at the start, but it would continue to grow over the months and years following its launch. Fox Searchlight, which received 20 Academy Award nominations past year and won best picture for "The Shape of Water", will also be given additional resources, Iger said.
Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.
Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast.