The news shocked the entertainment world and will be remembered as one of Disney’s most out-of-character moves.
Iger emphasized the marquee brands and franchises of Disney.
So that makes a lot of sense."
“It’s unlikely these costs decreased for these franchise’s marquee series during the pandemic.
A recent report byThe Hollywood Reporterdirectly aligned with the beliefs Iger expressed at the earnings call.
Were going to reduce costs, both in content and of course, infrastructure.”
Since taking over it is clear that Iger is re-evaluating the entire business plan of streaming.
Discovery’s (WBD) CEO David Zaslav’s main goal since taking over post-merger has been cutting costs.
Netflix has also adjusted its strategy after a rough 2022 in terms of its stock value.
The top-dog streamer has cracked down on password-sharing and added an ad-supported subscription at a lower price point.
The return on investment is totally different with direct-to-consumer services than it is with wide-release films in movie theaters.
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