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“#Disney revenue falls short as Disney+ subscriber growth slows” Disney’s revenue fell short of Wall Street’s expectations last quarter as subscribers to its Disney+ streaming service slowed — sending the stock down 4 percent in late trading. In a double-whammy hit to investors, the Mouse House said revenue fell 13 percent in its fiscal second…
“#Disney exec shuffle reportedly spurs ‘bruised egos’ amid Bob Iger exit” It’s no longer the happiest place on Earth. Disney’s major leadership shift is rankling employees, as former chief executive Bob Iger prepares to step away from his role as executive chairman at the end of the year, according to a report. Newly-minted CEO Bob…
“#Black Widow Theatrical Release Decision Will Be Made at the Last Minute – /Film” Even though the coronavirus pandemic is started to subside as the COVID-19 vaccine is being more widely distributed, audiences aren’t flocking back to movie theaters in great numbers just yet. That’s why studios are still delaying some movies originally slated to…
“#Disney CEO Thinks Shorter Theatrical Windows May Be Here to Stay – /Film” The coronavirus pandemic has wreaked havoc on the film industry. Productions have been slowed down or halted completely, safety protocols have made continuing productions much more expensive, and the theatrical distribution model has been shaken up dramatically. In fact, the window for…
“#No ‘going back’ to old way of movie watching” Disney Chief Executive Bob Chapek said the pandemic has likely permanently narrowed the window for movies to play only in theaters. Pre-pandemic, cinemas depended on an exclusive 90-day window to screen films before they were made available to home distribution channels, such as pay TV and…
“#‘We were wrong’: Analyst upgrades streaming-focused Disney” Noted media analyst Rich Greenfield just issued a mea culpa on Disney’s ability to navigate the pandemic. Greenfield’s LightShed Partners upgraded the Mouse House on Friday to ‘neutral’ after slapping a ‘sell’ rating on it in May. “Our call has been dead wrong,” Greenfield said, explaining that his…
“#Disney taps Alan Bergman as film chairman amid focus on streaming” Twenty-four year Disney executive Alan Bergman has been named sole chairman of Walt Disney Studios as the company restructures its media and entertainment divisions to focus more heavily on video streaming. Bergman’s former co-chair Alan Horn will continue to work as Disney’s chief creative officer….