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Bob Iger Says Disney EMEA & APAC Content Investments “Slowing” But Will Continue On “Selective” Basis: “We’re Being Careful Until We Get The Technology Right”
Bob Iger said today Disney's investment in EMEA and APAC has "slowed down", but is seeing its tentpole movies land strongly in local territories.
Bob Iger said today Disney ‘s content investment in EMEA and APAC has “slowed down” as the company wrestles with technology challenges and sees its Hollywood movies land strongly in local territories. Talking to analysts during a fourth quarter earnings call, the Disney CEO painted a mixed picture of what international spend will look like going forwards, citing “opportunities, and even the need” for “selective investing outside the United States,” while warning that these should not be considered “enormous by any stretch of the imagination.” The deal merges Disney’s Star India TV business and Disney+ Hotstar streamer with Reliance’s JioCinema and Viacom18, which has been fully consolidated with Paramount Global selling its remaining 13% stake today.
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