When Disney acquired 20th Century Fox earlier this year, it really changed the entertainment climate. The Mouse House has become a giant media conglomerate. They own various studios, TV networks, and will soon be launching a streaming service. However, there appears to be somewhat of a downside to all of this, at least when you look at it from a stockholder’s point of view.
Disney chief financial officer Christine McCarthy revealed Fox films were at an operating loss of $170 million for the quarter. With these films performing lower than expected, it is forcing Disney to stop production for various 20th Century Fox titles and redirect their focus to key franchises like the newly acquired Marvel properties and Avatar. More on the report below.
Disney is so much more than Marvel Studios, Pixar, and Star Wars. They are also the parent company of ESPN and own a majority of Hulu. So when the entertainment giant announced that they would be launching their own streaming service, many believed that they would also have a package that would include ESPN and Hulu. And that news was confirmed today by Bob Iger during an investor call where he also announced reboots of Home Alone and more.
He revealed that the bundle would also be launched at the same time as Disney+ and that it would be priced at $12.99. So how does that stack up against other competitors like Netflix, Amazon Prime, and HBO Now? Check it out below.
During a call to talk about third quarter earnings for The Walt Disney Company, chairman and CEO Bob Iger revealed some projects that were being planned for their upcoming streaming service Disney+ which come from the company’s acquisition of Fox’s entertainment assets.
We already knew that we’d be seeing things like Avatar and X-Men, but Disney has confirmed that some reboots for popular franchises including Home Alone, Night at the Museum, Cheaper by the Dozen, and Diary of a Wimpy Kid are on the way to the streaming service.
Atlanta, Georgia has become the hub of entertainment production. Based on the Georgia.com site, 68 projects have been or are currently being produced there, and 188 titles have been produced in 2019 alone. So it’s more than just a few notable TV shows and major films. But the state is at risk of losing all of that if they pass their abortion law.
And one major studio might just do that. Walt Disney Studios CEO Bob Iger spoke about how it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state. More on the report below.
There has been some debate as to which Star Wars films will follow Star Wars: The Rise of Skywalker. We knew that Star Wars: The Last Jedi director Rian Johnson was developing a new trilogy and that Game of Thrones creators and showrunners David Benioff and D.B. Weiss were developing their own project. But we didn’t know which would come first. The recent release of Disney’s film release schedule didn’t reveal any clue as to which one would hit theaters first either, but it did show us that we will be getting at least three films in the coming years.
But now Bob Iger has revealed that Benioff and Weiss’s project will be the next Star Wars film we see after The Rise of Skywalker. See what he had to say below.