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Disney says its new streaming service won't rival Netflix

Disney's upcoming streaming service won't try to compete directly with Netflix and Amazon, but will focus instead on quality — namely original programs from Disney's "Star Wars," Pixar and Marvel brands.

The details from Disney CEO Bob Iger came as Disney reported a growth in earnings for the latest quarter, though results missed expectations.

With Comcast out of the bidding war, Disney is planning to move forward with its $71.3 billion purchase of Fox's entertainment assets, in part to boost a Disney-branded streaming service set to launch in late 2019. Disney's shareholders and U.S. regulators have approved the Fox bid. Disney is awaiting regulatory approval...

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