Fox Searchlight, which received 20 Academy Award nominations past year and won best picture for "The Shape of Water", will also be given additional resources, Iger said.
Without getting into specifics about how Disney will bifurcate development on all its new goodies between the theater and the living room, Iger emphasized the ongoing importance of feature films, while acknowledging that Fox's new Marvel brands will be vital to the success of its forthcoming digital streaming service. Disney will own them after its buyout of 21st Century Fox is completed, so it remains a possibility. With the Disney-branded entertainment service, Disney will have more control over its movies and TV shows from creation to distribution.
So does that give us more of an idea of when the streaming platform will hit?
China appeals for United States calm after new tariff threat
USA threats have escalated since, with the President saying he is ready to impose tariffs on all $500bn of Chinese imports. The US is considering 25% tariffs on $200bn (£152bn) of Chinese goods - more than double the 10% initially planned.
Stay tuned to Heroic Hollywood for the latest news on Marvel's new live-action series and Disney's upcoming streaming service as we learn it.
During an earnings call with analyst, much of the discussion focused on the pending acquisition, as well as Disney's plans to launch a streaming service meant to rival Netflix. We know the Disney movies remain on the service for a year and a half, but will that time period be cut short by the launch of the competing service? Disney has seen "noticeable improvement in the rate of (subscriber) loss in each of the last four quarters", he said.
Considering that CBS All Access's Star Trek: Discovery was one of the most expensive shows in TV history with a budget of between $8 million and $8.5 million per episode then it becomes apparent just how much Disney is investing in both Favreau's show and its streaming service at large.
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. Adjusted earnings per share totaled $1.87, less than the Street's expectation of $1.95. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars".