Disney is going through tough times, so its CEO is determined to make significant improvements for the future. Here’s what you need to remember. It’s rather positive.
In a highly anticipated meeting, Disney CEO Bob Iger and other top executives discussed Disney’s future and the need for policy change following the studio’s recent film failures. For example, the new animated film Wish got off to a very disappointing start.
Quality forward for Disney
This important meeting was an opportunity to learn of Disney’s commitment to quality over quantity, especially after a difficult period for the studio’s films. This is not the first time Iger has mentioned this paradigm shift. For example, Avatar 2 alone made more money than all Disney films in 2023, which is quite remarkable. So something absolutely had to be done, like reducing the names of films but focusing on quality.
Iger said he spent the year solving many problems, looking forward to the transition from a time of repair to an era of construction. He emphasized the importance of quality in creativity, saying that quantity can undermine quality. “Storytelling is, of course, at the heart of what we do,” did he declare.
Better films and awareness
On the film side, Alan Bergman acknowledged a tough year at the box office, but promised the studio will learn from those experiences and move forward with a lineup that includes films such as The Omen prequel Planet of the Apes, Vice versa 2, a new Alien and Deadpool 3. This seems to indicate a reduction in the quantity of productions. Even if it’s still quite substantial…
Bergman also acknowledged the film studio’s challenges after a year marked by box office failures, citing films like Wish, The Marvels, and Indiana Jones 5. However, he remains optimistic about the future, assuring that the studio has learned from its mistakes and is ready to move forward with an exciting program. It’s everything fans could want. Obviously. This is the first year since 2014 that Disney hasn’t made a movie with $1 billion in profit. The end of an era ?
But cinema is not everything. Walt Disney Parks Chairman Josh D’Amaro highlighted a $60 billion investment in Disney Parks, highlighting the post-Covid attendance recovery. He spoke of the success of Frozen Land at Hong Kong Disneyland as proof of Disney’s ability to bring its franchises to life. This park should also arrive soon at Disneyland Paris.