Disney pulling back on making Marvel, Star Wars content, Iger says
Publishing timestamp: 2023-07-13 13:00:54
Summary
Disney CEO Bob Iger announced a slowdown in content production for the Star Wars and Marvel franchises as part of the company's cost-cutting measures. The move comes as Disney's recent films have underperformed at the box office. Iger cited a dilution of focus and attention due to the increase in Marvel TV shows. The company is focusing on its streaming service, Disney+, and considering licensing its content to other platforms.
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Keywords: breaking news: business, warner bros discovery inc, netflix inc, business news, fox corp. class a, walt disney co, media, entertainment,
Source: https://www.cnbc.com/2023/07/13/disney-cuts-back-on-marvel-star-wars-content.html