Speaking at the Paley Center in New York, the CEO also talked about the future of theatrical films, and Disney's metaverse plans.
He also reiterated what he told analysts Tuesday afternoon, noting that price increases and the upcoming Disney+ ad tier will help bring the company closer toward its goal, and that the service should be able to continue adding subscribers thanks to its content pipeline and new international launches.
“That’s good for us, by the way, because most of our box office films are those blockbusters, and whether they’re Lucas and Marvel and Pixar or Disney that’s where we play,” he said. “The other genres, the other demographics are a bit more challenged. And the question of will they ever come back in a in a significant way, is, I think, to be seen, and that’s why one of our distribution strategies is always flexibility.
And he framed Disney+ as the “hub” of the lifestyle, once that will change and evolve “based on how you participate.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bob Chapek: Disney Would 'Love' To Renew NBA TV Deal In 'Fiscally Responsible Way'Bob Chapek: Disney Would 'Love' To Renew NBA TV Deal In 'Fiscally Responsible Way' - RealGM Wiretap
Read more »
Unlock the hidden magic aboard the 'Disney Wish,' Disney Cruise Line's newest shipEmbark on a tropical getaway aboard Disney's newest ship, 'Disney Wish' 🌴🚢 Disney is the parent company of ABC Localish.
Read more »
Breakingviews - Disney will solve its Netflix problemWalt Disney boss Bob Chapek is knee-deep in the video-streaming money pit. The $182 billion entertainment empire reported on Tuesday that operating losses in the division housing its Disney+, ESPN+ and Hulu services ballooned another $1.5 billion in the quarter ending Oct. 1, bringing the fiscal year tally to $4 billion, or more than twice as much as the previous year. New subscribers keep signing up, too: Disney+ counts 164 million, a 39% jump from 12 months earlier. With investors now prioritizing costs over growth, however, Disney shares fell 10% in after-hours trading.
Read more »
Disney Announces Launch of Disney+ With AdsDisney announces official launch date and pricing for Disney+ with ads:
Read more »
Election Day: Bob Hertzberg faces off against Lindsey Horvath for LA County Board of Supervisors seatHertzberg, D-Van Nuys, topped a six-candidate field seeking the District 3 seat in June, but he fell well short of the 50% of the vote needed to avoid a runoff. Horvath finished a close second.
Read more »
U.S. Rep. Bob Latta wins reelection in reconfigured 5th congressional districtU.S. Rep. Bob Latta, a Bowling Green Republican, on Tuesday won reelection by defeating Craig Swartz of Upper Sandusky, who serves as chairman of Wyandot County’s Democratic Party.
Read more »