Connect with us

Hi, what are you looking for?

Business

Disney to limit Marvel movie releases each year as it doubles down on ‘quality’

Disney will release no more than three Marvel films and up to two Disney+ shows each year as it works to place more focus on quality output.

CEO Bob Iger made the announcement as Disney shares plunged 8% in trading Tuesday after Disney released its quarterly earnings.

Just one Marvel film will be released this year: ‘Deadpool and Wolverine’ starring Ryan Reynolds and Hugh Jackman, scheduled for a July 26 release.

The next Marvel film, a Captain America sequel, won’t be released until at least February, according to Disney’s latest earnings presentation. ‘Thunderbolts,’ a film focused on Captain America sidekick Bucky Barnes, is scheduled for May 2025.

Disney also has Marvel content in the works for Disney+, including projects related to Black Panther and Spider-Man — but no release dates yet.

‘I’ve been working hard with the studio to reduce output and focus more on quality,’ Iger said on the company’s earnings call Tuesday.

‘That’s particularly true with Marvel. … Some of what is coming up is a vestige of basically a desire in the past [to] increase volume. We’re slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, to the maximum three, and we’re working hard on what that path is.’

Disney reported quarterly revenues of $22.1 billion, short of Wall Street expectations; Disney+ subscribership of 153.6 million also failed to hit analysts’ targets.

It was the company’s first earnings report following a tumultuous vote on whether to continue down a course led by Iger, who faced a challenge from outside investors critical of the company’s performance.

While Iger ultimately won the vote, Tuesday’s results could spark new fears that the company may take longer to reach its financial goals.

Iger also announced that the company intends to derive significant revenues from limits on Disney+ password-sharing. It has already begun limiting sharing on its Hulu platform, and it previously signaled account-sharing restrictions would start rolling out in June.

This post appeared first on NBC NEWS

You May Also Like

Business

Is being nice holding you back at work? One viral TikTok has young workers up in arms about the perils of being pleasant in...

Tech News

Photo by Becca Farsace / The Verge Microsoft is starting to improve the experience of downloading Windows store apps from the web. The software...

Business

Boeing and Alaska Airlines have separately denied any legal responsibility for the injuries allegedly caused to dozens of passengers after a door-plug blew out...

World News

Sen. Ted Cruz (R-Tex.) found himself in the most unusual place Thursday. He was the man in the middle, literally and figuratively, standing in...