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 Taylor Swift reporter has been hired at Gannett after the job listing really went viral online.
Two cubs from a rare species are making their debut -- two snow leopards who were finally unveiled at the Bronx Zoo in New York.
McCormick announced a limited-edition collection of Thanksgiving doughnuts ahead of the holiday. Duarte Geraldino and Kristen Scholer gave some of them a taste in-studio for your viewing pleasure.
A study published in the Journal Behavioral Processes found that cats actually express their happiness or aggressiveness through facial expressions.
Fitness expert Jillian Michaels joined Cheddar News to discuss her app that helps with exercise programs, meal plans, and the simplicity of living a healthy life.
Former Cheddar News reporter Ashley Mastronardi participated in the 2023 New York City Marathon and gave a first-person account of her race.
Tennis superstar Serena Williams was honored Monday night by the Council of Fashion Designers of America, which awarded her as fashion icon of the year.
The father of a man charged in a deadly Fourth of July parade shooting in suburban Chicago pleaded guilty to seven misdemeanors Monday in a case that centered on how his son obtained a gun license.
James Corden, the multiple Emmy- and Tony Award-winner who gave the world “Carpool Karaoke” is launching a new weekly show set for early 2024 on SiriusXM called "This Life of Mine with James Corden."
Four men were charged Monday over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born.
