The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Business

Disney to limit Marvel movie releases each year as it doubles down on ‘quality’

by May 9, 2024
May 9, 2024
Disney to limit Marvel movie releases each year as it doubles down on ‘quality’

Disney will release no more than three Marvel films and up to two Disney+ shows each year as it works to place more focus on quality output.

CEO Bob Iger made the announcement as Disney shares plunged 8% in trading Tuesday after Disney released its quarterly earnings.

Just one Marvel film will be released this year: ‘Deadpool and Wolverine’ starring Ryan Reynolds and Hugh Jackman, scheduled for a July 26 release.

The next Marvel film, a Captain America sequel, won’t be released until at least February, according to Disney’s latest earnings presentation. ‘Thunderbolts,’ a film focused on Captain America sidekick Bucky Barnes, is scheduled for May 2025.

Disney also has Marvel content in the works for Disney+, including projects related to Black Panther and Spider-Man — but no release dates yet.

‘I’ve been working hard with the studio to reduce output and focus more on quality,’ Iger said on the company’s earnings call Tuesday.

‘That’s particularly true with Marvel. … Some of what is coming up is a vestige of basically a desire in the past [to] increase volume. We’re slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, to the maximum three, and we’re working hard on what that path is.’

Disney reported quarterly revenues of $22.1 billion, short of Wall Street expectations; Disney+ subscribership of 153.6 million also failed to hit analysts’ targets.

It was the company’s first earnings report following a tumultuous vote on whether to continue down a course led by Iger, who faced a challenge from outside investors critical of the company’s performance.

While Iger ultimately won the vote, Tuesday’s results could spark new fears that the company may take longer to reach its financial goals.

Iger also announced that the company intends to derive significant revenues from limits on Disney+ password-sharing. It has already begun limiting sharing on its Hulu platform, and it previously signaled account-sharing restrictions would start rolling out in June.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
next post
How to Invest in Artificial Intelligence (Updated 2024)

You may also like

Trial of former FTX head Sam Bankman-Fried set...

Former Starbucks CEO says company needs to revamp...

IBM pledges $150 billion to boost U.S. tech...

New Hampshire city gears up to quadruple its...

Weekly mortgage refinance demand soars 16% as rates...

Honda recalls almost 304,000 Accords and HR-Vs over...

Walmart says it’s ‘not going to be completely...

DOGE plans to wind down consumer protection agency...

United Airlines will debut a new boarding order...

Home prices soar even higher in February, despite...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

    • Triumph Gold Updates Shareholders on Operations, Engages Market Maker, and Grants Options

    • Investing in Uranium ETFs: 9 Options for Uranium Exposure

    • Trump says 80% tariff on China ‘seems right’ ahead of weekend talks with Beijing

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes US$2.9 Billion Power Play

    Categories

    • Business (1,633)
    • Investing (4,797)
    • Politics (7,544)
    • World (6,131)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top