Disney CEO Bob Iger said on Thursday at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco that the entertainment giant may once again make some of its film and television shows available to rivals. He said the change was part of cutting back the amount of programming solely on its Disney+ streaming service.
"As we look to reduce the content that we're creating for our own platforms, there probably are opportunities to license to third parties," Iger said. "For a while, that was something we couldn't possibly do because we were so favoring our own streaming platforms. But if we get to a point where we need less content for these platforms, and we still have the capacity of producing that content, why not use it to grow revenue?"
Iger said he was bullish overall on streaming but said the company needed to rethink its current strategy. For example, the company started restricting how much of its content was available to competitors in 2019.
“It’s already clear to us that the exclusivity that we thought would be so valuable to us in growing subscriptions, while it has some value, it wasn’t as valuable as we thought,” he said.
Two examples he cited as possibilities for sharing with other streaming platforms are cartoon series such as Bob's Burgers and Family Guy. Both came under the Disney umbrella when it purchased 21st Century Fox.
The possible change comes as Disney struggles to keep up its growth. The company reported a quarterly loss of $1.5 billion earlier this year. It also reported its first loss of subscribers on Disney+.
A study showed that the southern accent is changing and under threat.
Brazilian actress and writer Suzana Pires spoke with Cheddar News about her nonprofit for women, how Sharon Stone wrote a foreword in her new book and what it's like being a telenovela star in Latin America.
Kate Sandoval Box, beauty director of 'Oprah Daily,' shares the beauty products that staff and fans are raving about this year.
Melissa Marra-Alvarez, curator of education and research, and Elizabeth Way, associate curator of costume, both with the Museum at The Fashion Institute of Technology, joined Cheddar News to discuss how food and food culture impact fashion.
Home organizing expert Katie McCann shares tips to help you organize that tiny space to keep it accessible and safe.
Chef Chrissy of Krave restaurant offers healthy suggestions to update vibrant traditional Caribbean recipes.
Susan Katz, a nurse practitioner and expert in child passenger safety, provides important information to keep your kids safe in the car.
Rescue teams in eastern Libya have retrieved hundreds of bodies from the city of Derna that's been inundated by devastating floods that killed hundreds.
Authorities searched Monday for escaped murderer Danelo Souza Cavalcante who has eluded capture since breaking out of a southeastern Pennsylvania prison a week and a half ago after he apparently slipped through a search perimeter, changed his appearance, stole a dairy delivery van and contacted acquaintances.
An earthquake has sown destruction and devastation in Morocco, where death and injury counts continue to rise as rescue crews dig out people both alive and dead in villages that were reduced to rubble.
