New Star Wars series to lure customers from Netflix and Amazon

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Disney just posted its fourth-quarter earnings, and they were rough. The company also plans to create a Star Wars TV show for its new streaming service. In addition to the "Star Wars" TV series, Disney is working on TV adaptations of Pixar's "Monsters Inc.", the Disney Channel's "High School Musical" franchise and an original series from Marvel.

Today on Disney's Q3 earnings call CEO Bob Iger gave a preview of ESPN's upcoming direct to consumer streaming service.

Star Wars has been explored in five animated animated shows over the years, and in three live-action TV specials, including the much maligned Star Wars: Holiday Special. We've reached out to ESPN for clarification and will update this if we hear back.

Questioned about whether the service was planned as a "Netflix killer" yesterday, Iger said the on-demand giant had been "a good partner".

Further, Iger confirmed that the new streaming service won't irritate customers with commercials. While we don't have a firm price yet, Iger had said that it will be "substantially lower" than what you pay for Netflix, the reasons being due to the lower amount of content you'll get. The streaming service will launch in 2019. And that is everything that we want to see from this new series. Iger's comment does echo Netflix's strategy, which had hiked the price recently noting that pricing is all related to volume.

The film studio business saw revenues decline 21% as Cars 3 didn't perform as well as Finding Dory did a year ago.

The biggest project, of course, is the live-action "Star Wars" TV series, which has been long in the making.

It's turning into a busy day for Star Wars news, and we're still a month away from the release of Star Wars: The Last Jedi.

Theme parks continue to be Disney's bright spot, with growth at the Shanghai Disney Resort and Disneyland Paris.