But Iger said that movies Disney plans to release in 2019, including "Captain Marvel", "Dumbo", "Toy Story 4" and "Frozen 2", won't be encumbered by licensing deals and can go straight to the service soon after their theatrical releases.
According to Bob Iger, the service will come out in late 2019.
A recent report implied that Disney was in talks to reacquire the cable rights for the original trilogy and the prequels. They also have the Netflix name all over them, so it won't be easy for Disney to take them.
Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.
Iger told analysts in the Q&A session following the results announcement that Disney would "walk before we run" in terms of building content for the service and added that the Disney OTT offering would "not have anything close to the volume that Netflix has".
The streaming service is set to launch in 2019 with several programs, including a "live-action version" of "Lady and the Tramp", as well as a live-action "Star Wars" series directed by Jon Favreau that will cost about $100 million for 10 episodes.
Yes, I know. We've known about the transition that Disney will be making away from Netflix into their own streaming service for quite some time now, but thanks to a new report from the New York Times, we now have some semblance of an idea of when that will be...sort of. Excluding one-time items like a benefit from lower federal tax rates, income was $1.87 (roughly Rs. 128) per share.
Higher programming costs and a fall in subscribers at its ESPN sports channel, meant that the media and entertainment giant's earnings and revenue fell short of Wall Street forecasts.
Revenue from the movie and TV production business jumped 20 percent to $2.88 billion (about Rs. 19,800 crores), boosted by a strong box office for "Avengers: Infinity War" and "Incredibles 2".