A recent report implied that Disney was in talks to reacquire the cable rights for the original trilogy and the prequels.
Disney exec Ricky Strauss is in charge of the new streaming service, as president of content and marketing.
This was the biggie and while things may start out somewhat slow, Disney is going to have a massive library on its streaming service over time.
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What exactly all this means for the Marvel movies now on Netflix is a little unclear. Every MCU movie now hosted on Netflix will be leaving the site, and the next film in the franchise, next March's Captain Marvel, will be the first to head directly to Disney's site instead of Netflix. And if that's the case, then Avengers: Infinity War and Black Panther will also be on the streaming service through all of 2019 as well.
During the company's quarterly earnings call this afternoon, Iger acknowledged that the Fox acquisition gives the company more Marvel Comics related opportunities for its streaming service which is expected to launch by the end of 2019, in addition to the live-action original Marvel series that is already in development.
The report also details other Disney movies destined to debut on the service, including the $45 million Timmy Failure being directed by Spotlight's Tom McCarthy, remakes of Lady and the Tramp and The Sword in the Stone, Noelle starring Anna Kendrick, the sled dog movie Togo, a remake of Three Men and a Baby, The Paper Magician and Stargirl.
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.
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Due to prior licensing deals, Disney's initial offerings will pale in comparison to those of Netflix.
Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.
Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast.
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