Disney CEO Bob Iger has stated that there would be sequels to Toy Story, Frozen, and Zootopia. He also explained how the corporation intends to revitalize its streaming business.
Mr. Iger stated that Disney’s animation studio is working on sequels.
The firm also revealed its first dip in subscriber numbers since the launch of its Disney+ streaming service in 2019.
And, as part of a major restructuring within the entertainment conglomerate, Mr. Iger announced the elimination of 7,000 positions.
Mr. Iger addressed how he wanted to profit from some of the company’s most successful franchises during an investor call.
He promised to share more about the production shortly, but he also said it was an excellent illustration of how Disney is focusing more on its unrivaled brands and franchises.
The most recent films are the third installment in the Frozen trilogy and the second in the Zootopia series. There have already been four Toy Story films, as well as the spin-off Lightyear, which was released last year.
About 3.6% of Disney’s employees worldwide will lose their jobs. This is part of a plan to save $5.5 billion (£4.5 billion) and make its Disney+ streaming service profitable. However, Mr. Iger said that he did not make this choice easily...Read More
Source: California Observer