As Disney prepares to release “Raya and the Last Dragon” in theaters and as a premium on-demand title this Friday, CEO Bob Chapek says that he thinks the experimentation his studio and others in Hollywood are doing with releasing movies during the pandemic will permanently change the movie business. From a report “The consumer is probably more impatient than they’ve ever…
Tag: bob chapek
Disney Reorganizes To Focus on Streaming, Direct To Consumer
Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s business. From a report: On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+. The move by…
Disney+ Passes 60.5 Million Subs, Reaches 5-Year Streaming Goal In First Eight Months
In Disney’s earnings call today, CEO Bob Chapek said there are now 60.5 million global subscribers to Disney+, reaching the 60 million-90 million range it told investors it would get to by 2024. Deadline reports: He also said today that Mulan, long in limbo amid the COVID-19 pandemic, will debut September 24 on Disney+ for $24.99, a new wrinkle for the…
Disney Streaming Chief Kevin Mayer Leaving To Become TikTok CEO
Disney’s Head of Streaming, Kevin Mayer, is leaving to become the chief executive of TikTok and ByteDance, the Chinese company that owns TikTok. CNBC reports: It’s a huge score for TikTok, a social media platform that hosts short form videos. Mayer was considered one of the top candidates to replace former Disney CEO Bob Iger, before Bob Chapek was ultimately named…