Disney names Kevin Mayer head of new direct-to-consumer segment

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Jon Favreau set to write, produce live-action ‘Star Wars’ TV series for Disney streaming service

Walt Disney Co. said on Thursday that “Iron Man” and “The Jungle Book” director Jon Favreau has signed on to executive produce and write a live-action “Star Wars” series for Disney’s upcoming standalone streaming service. “I couldn’t be more excited about Jon coming on board to produce and write for the new direct-to-consumer platform,” Lucasfilm president Kathleen Kennedy said in a statement. During the company’s most recent quarterly conference call in February, Disney Chief Bob Iger said they were developing a few “Star Wars” series specifically to stream on it’s forthcoming service. Disney did not provide a release date for Favreau’s live-action “Star Wars” series, nor did it give insight into the story Favreau would delve into. The long-awaited streaming service is scheduled to launch in the fall of 2019. Favreau, who has a role in the upcoming film “Solo: A Star Wars Story,” is currently in production for Disney’s update of “The Lion King,” which is also set to be released in 2019. Shares of Disney have declined more than 6% in the last 12 months, while the S&P 500 index is up more than 15%.

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