Jon Favreau Star Wars Series Has a $100 Million Budget

Jon Favreau Star Wars Series Has a $100 Million Budget

Expect more details about the lifespan of Marvel movies on Netflix as Disney gets closer to launching the service, and also keep an eye on if Doctor Strange and Guardians of the Galaxy Vol. 2 get their full 18-month tenure on the service... Every MCU movie now hosted on Netflix will be leaving the site, and the next film in the franchise, next March's Captain Marvel, will be the first to head directly to Disney's site instead of Netflix.

The streaming service is set to launch in 2019 with several programs, including a "live-action version" of "Lady and the Tramp", as well as a live-action "Star Wars" series directed by Jon Favreau that will cost about $100 million for 10 episodes.

The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn.

During the call, he reiterated that the app will feature all new Disney content going forward from calendar year 2019, as well as original TV and film productions created for the app, exploiting Disney's intellectual property, including Marvel, Pixar, 20th Century Fox, and Lucasfilm.

Yesterday, Disney's CEO Bob Iger opened up about their new on-demand streaming service during Disney's 2nd quarter earnings call.


"The price will reflect a lower volume of product, as will the cost of producing and owning that content", Iger explained. That ultimately gives Disney more data to gauge its audience.

Speaking to analysts after the company reported less-than-stellar Q3 results, Iger said that Disney will "continue to move full steam ahead with our direct-to-consumer strategy", which he referred to in his remarks as "Disney Play", with last year's acquisition of the BAMTech technology outfit enabling it to enter the OTT TV space "quickly and effectively". 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 a recent New York Times article, we are introduced to Ricky Strauss, who has been placed in charge of the streaming service, specifically its content.

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.

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