According to Iger, who spoke at the Morgan Stanley Technology, Media, and Telecommunications Conference in San Francisco, streaming services have typically relied on a high flow of new material to entice users.
In February, the firm announced a massive restructuring, stating it will lose 7,000 workers in order to save $5.5 billion in costs and give creative leaders more influence.
Walt Disney Co Chief Executive Bob Iger indicated Thursday that the studio may begin creating films and television series for competitors, a shift from recent years when the company’s production resources were devoted to launching and expanding its hallmark Disney+ streaming service.
According to Iger, who spoke at the Morgan Stanley Technology, Media, and Telecommunications Conference in San Francisco, streaming services have typically relied on a high flow of new material to entice users. He stated that he aims to adopt a more selective HBO-style approach of producing a few high-quality series based on its main brands, like
“As we look to reduce the content that we’re creating for our own platforms, there probably are opportunities to license to third parties,” Iger added. “We couldn’t do that for a long because we were so focused on our own streaming channels. Yet, if we reach a point where we need less material for these platforms but still have the capacity to produce it, why not use it to increase revenue?”
Iger also discussed the prospect of licensing programming to third parties, noting that Seth MacFarlane’s cartoon sitcom “Family Guy” garnered viewers on Disney-owned Hulu after first airing on Fox.
Iger returned to Disney in November, less than a year after retiring, as the entertainment conglomerate attempted to bolster investor confidence and revenues at its streaming media division.
In February, the firm announced a massive restructuring, stating it will lose 7,000 workers in order to save $5.5 billion in costs and give creative leaders more influence.
The proposal encouraged activist investor Nelson Peltz to abandon his bid for a board seat, stating that he was satisfied with Iger’s reorganization.
After a fourth Thor movie and a third standalone Ant-Man film, even Disney
CEO Bob Iger wants something new out of Marvel.
“Sequels typically worked well for us,” Iger said during the Morgan Stanley Technology, Media, and Telecom Conference on Thursday. “Do you need a third and a fourth for instance? Or is it time to turn to other characters?”
