Los Angeles – An important expansion of the “Star Wars” universe. Tom Hanks as Geppetto in a live-action “Pinocchio,” and Yara Shahidi Live-action as “Tinker Bell in Peter Pan & Wendy.” Footage from new Marvel projects. “The Lion King” has a star-studded prequel.
On Thursday, as part of a four-hour investor presentation focused on streaming, the Walt Disney Company will discuss a Death Star-size troop of upcoming content – all of the above and more, three people said with knowledge of the case , Who spoke on condition of anonymity to discuss the personal plan.
Some big-budget Disney films will run exclusively in theaters. (The “Lion King” project, directed by Barry Jenkins and focuses on Mufasa’s back story, is a good bet.) Others will debut online. (This is where “Pinocchio” is headed.) All will eventually serve a goal, strengthening the company’s flagship streaming service Disney +.
At a time when streaming is being made Cutting is competitive – and some of Disney’s traditional businesses are struggling – Disney hopes to use a virtual phenomenon to dazzle Wall Street: Here is a 97-year-old company that takes a leap on direct-to-consumer hyperspace.
last month, Bob chapek, Disney’s CEO announced that Disney + had reached 74 million subscribers Worldwide only 11 months after operation. (Netflix took seven years to reach that threshold, and now has 195 million subscribers worldwide.) Disney + has rolled out in Latin America and developed rapidly in India, with analysts predicting some That Disney can tell that the service is within reach. 100 million subscribers.
Disney is also expected to deliver development updates on its other streaming platforms, including ESPN +, Hulu, and a new general entertainment offer, Star, which will debut overseas in the coming months.
“Now everyone’s question is where is it from here?” Michael Nathanson, a founder of the MoffettNathanson media research firm, said in a phone interview. “We expect to see a lot of spending on content to turn Disney + into an always-on service, which will increase pricing power.”
Membership for Disney + costs $ 7 a month. The least expensive Netflix plan is $ 9 a month, and Hbo max, A fantastic WarnerMedia service, costing $ 15.
Disney declined to comment for this article.
Disney will unveil, including customer growth forecasts, investors licking their lips. Disney shares have climbed 32 percent since Investors Day was announced in August, while Standard & Poor’s 500-stock index has risen 11 percent.
Disney was trading at around $ 155 on Wednesday, a near-all-time high, even though many of its theme park resorts (which are largely cash generators) Stay off Due to the epidemic. The company hired 30,000 employees.
Hollywood has a keen interest in investor presentation as Disney executives have said they will discuss an evolving approach to film distribution. Coronovirus has forced Disney and other studios to push back the release of more than a dozen major films and remodel others for streaming services. In September, Disney introduced “Multan” as part of the “Premium Access” experiment at Disney +, charging customers $ 30 for indefinite access. Pixar’s latest film “Soul” will air on Disney + on Christmas Day at no additional cost.
Citing the epidemic, WarnerMedia last week moved 17 upcoming Warner Bros. films to a hybrid release model – as well as HBO Max and theaters’ arrival – even though some films (“Doon,” “Matrix 4” ). After the fourth quarter is out, vaccines are expected to be vaccinated for a long time. Surprise move indicated Fast and severe shock From WarnerMedia talent, Who suddenly felt betrayed by the switch. They also stand to receive significantly lower payments.
Speaking at a conference on Tuesday, Warner Media owner AT&T CEO John Stankey referred to the ruckus as “very noisy” and predicted that WarnerMedia’s strategy would “prove to be a”To win.“
In contrast, Mr. Chapek and Robert A. Igor, Disney’s executive chairman, will not go with a one-size-fits-all approach to film release in 2021, people with information about the company’s plan said.
Some titles will move to Disney + at no additional cost on Disney’s theatrical slate. Expect “Peter Pan & Wendy”, “Soul” and “Pinocchio” to debut in this way.
Other films will take the “Mulan” route and come to Disney + as premium offerings. “We’ve got something here in terms of the strategy of Premier Access recently,” Mr. Chapek told analysts on a recent conference call. “There is going to be a role for this strategically with our portfolio of offerings.”
And some of Disney’s biggest movies will continue to receive special runs in theaters before they hit the company’s streaming services. Contrary to widespread speculation, for example, “Black Widow,” a much-anticipated Marvel spectacle, will remain on Disney’s theatrical release calendar on May 7, people with knowledge of the presentation said.
Films are helpful in attracting subscribers, but television shows keep paying customers month after month. To that end, Disney has an abundance of chains on the way for its services. The 1989 film “Turner and Hooch” featured an adaptation about a detective and his oversize mute; “Willow,” an adaptation of the 1988 big-screen fantasy; And eight Marvel shows are based on characters like Loki and She-Hulk.
Streaming is not profitable for Disney yet – far from it. The loss in the Direct-to-Consumer division was $ 2.8 billion in the company’s 2020 fiscal year. Streaming-related losses are expected to peak by 2022, with Disney + profitability expected to rollout with analysts declining by 2024 and content spending normalized by 2024.
Disney has indicated that some money for its new content Blitz will come from programming budgets on its traditional television network. The company owns Disney Channel, National Geographic, FX, Freeform and ABC among others.
“We are leaning largely from linear networks for our direct-to-consumer business,” said Mr. Chapek on a recent conference call.
Analysts pushed for additional details. Disney’s Chief Financial Officer Christine McCarthy said, “December 10 is the time.” “Hopefully we can answer all your questions.”