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The strategy is bound to be short-lived though, with Disney readying the service to challenge Netflix at every turn. Disney will own them after its buyout of 21st Century Fox is completed, so it remains a possibility.

In a statement, Iger said he was excited about "opportunities ahead for continued growth". Some reports have said it could be as cheap as $5 a month.

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. The service will not, however, carry the volume of content found on Netflix, Iger added.

This was the biggie and while things may start out somewhat slow, Disney is going to have a massive library on its streaming service over time.

According to a Sunday report from the New York Times, Disney's upcoming Star Wars TV show being developed by Jon Favreau is expected to cost roughly $100 million for 10 episodes.

Due to syndication deals which are already in place, there will be some properties which won't be available at the launch of the streaming service.

Jose Mourinho needs to 'work out' issues with Ed Woodward - Peter Kenyon
Making sure everyone is fit, available and fresh and ready to start the season and do well". The media speculate more about the drama than us players but we're not bothered.

In the works for the Disney service are a live-action "Star Wars" series, new episodes of the animated "Star Wars" series "Clone Wars", a live-action version of "Lady and the Tramp", and new series related to the "High School Musical" and "Monsters Inc." movies.

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.

The company's theme parks division reported a 15-percent rise in profit to $1.3 billion with increases at domestic and global resorts.

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.

Revenue rose 7 percent to $15.23 billion - also missing forecasts.


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