For some, this might indicate a future where Netflix's preeminence in the streaming video space is overtaken by Disney, which is also set to pull some its programming from Netflix when its own service launches.
Iger called the two ventures "our highest priority this year" and said the Disney channel - which has yet to be officially named - will cost "substantially less than Netflix", because it will have less content, at least initially. "That is in part reflective of the fact it'll have less volume".
DISNEY on Thursday announced plans for a new Star Wars film trilogy and a live-action TV series as it builds on the beloved and profitable science fiction franchise. That pales in comparison to Netflix's library, but depending on how much lower Disney prices its service, it could well put considerable pricing pressure on NFLX to offer more value to users.
Original Series: Disney is already developing a live-action Star Wars series, a High School Musical series, a Monsters Inc animated series, and a new show from Marvel Television. No release dates were announced, but those will be in addition to the film coming out this year, a Han Solo-specific movie next year, and Episode Nine in 2019. For reference, the cost of a Netflix subscription now ranges from $8 to $14 a month.
Questioned about whether the service was planned as a "Netflix killer" yesterday, Iger said the on-demand giant had been "a good partner".
Shares of Disney are up 14.26% over the past year.
Content Filtering: The service will not feature "R" rated content.
According to The Wall Street Journal, Disney Chief Strategy Officer Kevin Mayer confirmed the news, while also insisting that their plans were "pro-Disney" rather than "anti-Netflix".
Despite producing a number of successful TV shows such as Daredevil, Jessica Jones, The Defenders and Luke Cage, Marvel owners Disney and Netflix are going to go their separate ways from now on. He said ABC Productions could end up creating content for the Disney-branded service.
As soon as we know more, we'll let you know, sports fans. If you had to pick one legacy series or film that needs to be part of this service in order for you to subscribe, what would it be?
The service will launch in the US.