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Bob Iger, chairman and chief executive officer of The Walt Disney Co.
Disney’s new streaming service, Disney Plus, will stream to audiences starting in late 2019.
The company announced in August 2017 it would pull all its movies from Netflix in 2019, and start its own streaming offering for its past titles. Disney also purchased Fox for $71.3 billion in cash and stock, further bolstering its library.
The service will also feature new content, including original Marvel and Star Wars series.The High School Musical franchise will get a reboot on the Disney Plus service. The next season of animated series “Star Wars: The Clone Wars “and an new original animated series based on Monsters Inc. will also call the service home. Marvel fan favorite Loki, played by Tom Hiddleston, will get an original series on the Disney Plus service.
Its sports streaming service, ESPN+, reached 1 million paid subscribers in just five months.
Disney reported its fourth-quarter earnings after the bell on Thursday. Shares went up as much as 2 percent after beating earnings and revenue estimates.
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