[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Bob Iger, the CEO of Walt Disney Co (DIS.N), suggested on Thursday that the studio may start producing movies and television shows for its rivals again, reversing recent years in which its production resources were used to develop and expand its prestigious Disney+ streaming service.
Iger stated that streaming services have historically relied on a plethora of new content to draw users at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco. As he attempts to bring Disney+ to a profit, he stated that he aims to adopt a more curated HBO-like approach, creating a small number of high-quality shows centred around its key brands.
There may be chances to licence material to third parties as we aim to decrease the amount of content we produce on our own platforms, Iger said. “For a while, we couldn’t do that because we were so biassed in favour of our own streaming platforms. But why not harness the ability to produce more material to increase money if we reach a stage where these platforms require less content?
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Iger also discussed the potential for content licencing, pointing out that Seth MacFarlane’s animated sitcom “Family Guy” attracted viewers on Disney-owned Hulu after the shows had first aired on the Fox network.
In an effort to save $5.5 billion in costs and give Disney’s creative executives more influence, the firm announced a significant restructure in February, announcing the elimination of 7,000 jobs.
The proposal encouraged activist investor Nelson Peltz to give up his pursuit of a board seat, claiming that he approved of Iger’s reorganisation.[/vc_column_text][/vc_column][/vc_row]
