Disney's new streaming service to launch in 2019

Disney's new streaming service to launch in 2019
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Disney's new video streaming service Disney+ will launch late next year with two live-action series exclusively available on the platform, the company announced Thursday.

In a webcast announcing the company's fiscal quarter results, Disney CEO Bob Iger announced that Disney+ would launch in late 2019 featuring live action series set in both the Star War and Marvel cinematic universes, according to a press release.

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“There’s activity across the board at our company in terms of increased production and investment for this app,” Iger added during a conference call, according to Variety. “We think we’re in great shape. We have a game plan in place to bring the product to market.”

The Star Wars series, starring "Rogue One" lead Diego Luna, is set to begin production next year, according to the release, and the company is also pursuing development of a Marvel series starring actor Tom Hiddleston reprising his role as Loki.

“I have so many memories of the great work we did together and the relationships I made throughout the journey. We have a fantastic adventure ahead of us, and this new exciting format will give us the chance to explore this character more deeply," Luna said of his upcoming series, according to the release.

Disney's streaming service will enter an arena already dominated by streaming giants Netflix, Hulu and Amazon Prime, which all offer their own growing stores of original programming.

Netflix recently inked a deal with former President Obama and Michelle ObamaMichelle LeVaughn Robinson ObamaThe Hill's 12:30 Report — Sponsored by Delta Air Lines — Trump sanctions 17 Saudis over Khashoggi killing | Insurgents seek female challenger to Pelosi for Speakership | Broward County finishes machine recount Michelle Obama wears natural curls on new cover of Essence The Hill's Morning Report — Presented by T-Mobile — House, Senate leaders named as Pelosi lobbies for support to be Speaker MORE for a partnership out of which the Obamas will develop films and series for the company including "series, unscripted series, docu-series, documentaries, and features," the company said in a statement.

Disney acquired the majority of 21st Century Fox's assets late last year for $52.4 billion as the company began development of its own streaming service.