During the annual investor day, Disney executives touted their direct to consumer capabilities. Read on for details on their upcoming plans.
The Walt Disney Company rapidly shifted their focus to the direct-to-consumer entertainment in the wake of the global pandemic.
The fact that Chapek’s history with the company includes plenty of time in this sector is one of the reasons I (Rebecca) feel he’s the right CEO for this year.
Disney+ has proved to be the financial saving grace of the Walt Disney Company during this year.
Disney Plus Has outperformed Expectations in its first year.
On the last two quarterly financial calls, Disney CEO Bob Chapek highlighted the success of Disney+, Hulu and ESPN.
ESPN+, Hulu and Disney+ now boast a combined 100 million users. Executives for the company look forward to expanding the reach of Disney+ to South America and Asian markets.
They also touched on raising the price of Disney+ in various markets in order to “reflect the additional value“. They did not specify whether that included the US market.
Chairman of Media and Entertainment Distribution, Kareem Daniel, announced that the goal for Disney+ is to offer new content each week!
He mentioned that Disney currently has 10 Marvel series and 10 Star Wars series in the works!
We know of some upcoming Marvel series that had to be pushed back slightly due to the difficulties working on a film during the pandemic. Read more about Wandavision, SheHulk and The Falcon and Winter Soldier.
-Rebecca W Davis