"We're obviously very excited to leverage the Fox assets to enhance and accelerate our DTC [direct to consumer] strategy".
And while it will take time for the streamer to fill its back catalog, the long-term plan is to make the streaming service the one-stop shop for all things under the Disney brand (which seems to be just about everything in entertainment these days).
Disney is producing nine different movies for the streaming service with budgets ranging from $20 to $60 million.
Launching the streaming services is Disney's biggest priority next year, Iger said. Fans can look forward to some aspect of all those titles to be available on the streaming service, along with movies and shows from Pixar, Marvel, Star Wars, and Disney cartoons.
Disney is "on track" to launch its Disney-branded streaming service late next year, with "numerous original projects now in various stages of development and production", according to CEO Bog Iger.
Interestingly, Iger said that they're also looking at potential bundles of the new streaming service, ESPN+, and Hulu.
According to Making Star Wars, new speculation about Jon Favreau's upcoming Star Wars TV series suggests that it will be set on Mandalore three years after the fall of the Empire in Return of the Jedi.
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. The average estimate of four analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.97 (roughly Rs. 133) per share.
Revenue rose 7 percent to $15.23 billion - also missing forecasts.
Disney's movie studio enjoyed blockbuster success with "Avengers: Infinity War" and "The Incredibles 2".
Disney, which has been pushing up prices at its theme parks in recent years, saw the latest price hike lead to a slim 1 percent gain in U.S. theme park attendance in the period - down from an 8 percent increase last year - while hotel occupancy rates dropped to 86 percent from 88 percent. In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.