During yesterday’s Investor Day presentation, Disney dropped a TON of information about upcoming film and television projects!
Disney Investor Day ©Disney
Among the upcoming projects, we can look forward to Walt Disney Animation Studio’s 60th film, Encanto, a Moana TV series, a live-action reimagining of Pinocchio, several new Star Wars TV series, and so much more! In fact, Disney announced that they have over 100 new titles in the works. And most of them will premiere directly to your living room!
Don’t remember agreeing to host a Hollywood premiere party? No need to panic, Disney isn’t planning to roll out a red carpet leading to your front door!
During yesterday’s Investor Day presentation, Disney’s CEO Bob Chapek revealed that of the 100+ new titles in the works, 80% of them will launch straight to their direct-to-consumer streaming services.
©Disney
There are several driving factors behind the high percentage of new releases heading straight for streaming. First, let’s consider the types of projects that are in the works.
©Disney
Chapek shared that of the 100+ titles announced, 63 of them are series and 42 of them are films. Since series typically head straight to television or streaming services rather than receiving a theatrical release, the direct-to-consumer approach for these projects is pretty standard.
Loki ©Disney
But, that does still mean that a relatively high percentage of upcoming films are expected to head directly to streaming. Chapek shared insight into the decision-making process when determining which films will receive a theatrical release, saying, “flexibility is going to be a big dynamic going forward.”
©Disney
While the pandemic is one driving factor behind the decisions, Chapek also pointed to changing consumer behavior overall, which will continue to impact Disney’s release strategies even after the pandemic. Keeping streaming as a primary mode of releasing new titles gives Disney the flexibility to make decisions nimbly when determining which projects will receive a theatrical release.
Pinocchio ©Disney
The information shared indicates that Disney does plan to resume theatrical releases for some projects in the future. But by moving forward with the intention of increased direct-to-consumer releases, Disney has increased flexibility to make decisions actively based on the current environment.
Thought Disney+ Subscribers Were Mostly People With Kids? Think Again!
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If I were a theater owner I would refuse to carry any Disney property for viewing since Disney has made a calculated effort to destroy theaters even on top of the suffering they are bearing under the Chinese plague
No moderation forthcoming. The truth hurts
Marlene, thank you for reading and for sharing your perspectives on a host of topics. Moderation can sometimes take a number of hours, but I promise, I’m doing my best. Take care!