Disney Will Spend $33 Billion On New Content In 2022, $8 Billion More Than In 2021
According to Disney’s annual report, the company aims to spend $33 billion on new content in 2022:
According to Disney’s annual report, the company aims to spend $33 billion on new content in 2022. With a strong presence in theatrical releases and a growing streaming service, the media behemoth is unquestionably at the vanguard of modern content development. Disney media is divided into three categories: studios, general entertainment, and sports. Walt Disney Pictures, Walt Disney Animation Studios, Pixar, LucasFilm, 20th Century Studios, Marvel Studios, and Searchlight Pictures are all part of the Disney family. ABC Entertainment, Disney Channel, FX Networks, and Hulu are all part of Disney’s general entertainment division, whereas ESPN is the lone sports network. Since Disney discovered a viable market with its direct-to-consumer streaming approach, the Mouse has become practically unstoppable. Earlier this year, Disney CEO Bob Chapek stated the company’s intention to release over 100 new titles in the coming year. To commemorate the second anniversary of Disney+, the business organized their inaugural Disney+ Day, which included announcements and updates on several of the company’s forthcoming initiatives. These mostly featured project release dates for previously announced movies and series, as well as a flood of new or planned movies and programs.
Disney has just issued their annual report, which reveals that they intend to spend $33 billion on new content in the fiscal year 2022:
According to The Hollywood Reporter, Disney has issued its annual report, which claims that they expect to spend $33 billion on new content for the fiscal year 2022, which begins on October 1st. This $33 billion will be invested across all divisions of Disney’s media business. The number in the report is $8 billion higher than the total in the fiscal year 2021, which was roughly $25 billion. The increase in investment is intended to add more material to the company’s streaming services and does not account for production interruptions caused by the current epidemic. The annual report details where part of the $33 billion will be spent, as well as more precise information about what the firm wants to deliver in 2022. Disney intends to distribute 50 theatrical and home viewing titles, 60 unscripted programs, 25 drama series, 15 docuseries or limited series, 10 animation series, and 5 made-for-TV features. Many of the announced programs, like WandaVision’s Agatha: House of Harkness, will be part of the MCU. When compared to other media businesses, Disney has chosen a more ambitious approach to media development, considering that Netflix plans to spend around $14 million in 2022 and WarnerMedia plans to spend $20 billion.
Disney’s early ambition of publishing more than 100 new titles by 2022 was initially intimidating, and here’s why:
Disney’s initial aim of publishing over 100 new titles by 2022 seemed overwhelming. Disney’s initial aim of publishing over 100 new titles by 2022 seemed overwhelming. It’s a significant figure given that over 60 new games were launched in 2021. One of the first worries for Disney fans was whether the quality of these new releases will come up to expectations. The massive budget does not completely comfort fans, because although projects for the MCU, such as the long-awaited Hawkeye series or Star Wars, will receive their fair portion of the funds, other shows may not receive the same treatment. There is still a debate concerning quality vs quantity, and a higher budget cannot guarantee excellent content.
Source: THR
