The service will not, however, carry the volume of content found on Netflix, Iger added.
Due to prior licensing deals, Disney's initial offerings will pale in comparison to those of Netflix.
Chief Executive Bob Iger touted the benefits of Disney's $71.3 billion acquisition of Fox's assets, emphasizing the importance of the Star Wars and Sky pay-TV assets. Exactly what that means is not set in stone. These contracts will need to end before they can appear on the new Disney streaming service. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix.
So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.
In the fiscal third quarter, Disney's net income rose 23 percent to $2.92 billion (around Rs. 20,000 crores), or $1.95 (about Rs. 133) per share, from $2.37 billion (roughly Rs. 16,300 crores), or $1.51 (around Rs. 104) per share, a year ago.More news: Thousands mourn as revered veteran Tamil Nadu leader Karunanidhi dies
Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.
Directed by JJ Abrams, Star Wars: Episode IX stars Daisy Ridley, Adam Driver, John Boyega, Oscar Isaac, Lupita Nyong'o, Domhnall Gleeson, Kelly Marie Tran, Joonas Suotamo, Billie Lourd, Anthony Daniels, Mark Hamill, Billy Dee Williams, and Carrie Fisher, with Naomi Ackie and Richard E. Grant.
Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.
That is unless he was one of Thanos' victims who also vanished into dust.
Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".