Nov 20, 2019

Disney+ looks upward, beyond glitches

Bob Iger, chairman and CEO of The Walt Disney Company. Photo: Drew Angerer/Getty Images

The Disney+ streaming service's launch was met with technical issues, compromised passwords and a whole lot of demand.

What's next: The company is looking forward, not back, with a top executive saying that the company won't rely as heavily on data as rival Netflix did in building its service or creating its content.

  • "We might have great, creative ideas that don’t fit right into where the data would point you to make a program, so we’re going to use both our judgment or the ideas we have in place, the capacities that we have in place and the data that tells us what to make," Kevin Mayer, chairman of direct-to-consumer and international at Disney, said in an interview at Code Media on Tuesday.

Yes, but: Mayer did concede that Disney needed to invest more in its technology in order to make its product as functional as Netflix for users. He said that he thinks that Disney will be able to match Netflix's engineering capabilities in a couple of years.

  • He also noted for the first time publicly that the company is in the process of uniting its two separate pieces of platform tech — BAMTech (which powers ESPN+ and Disney+) and Hulu's tech — to create one unified tech platform for all of Disney's streaming platforms.
  • "We're going to take a harmonized platform approach at some point," he said. "There's nothing to announce, but it's something we're talking about."

The bottom line: Disney has a lot riding on Disney+, and the company wants to reach 60 million to 90 million subscribers by 2024.

Go deeper:

Go deeper

Disney breaks $10 billion box office record

Photo Illustration: Miguel Candela/SOPA Images/LightRocket via Getty Images

With the help of a successful weekend showing of "Frozen 2," the Walt Disney Company has officially raked in more than $10 billion this year in box office sales, a new record.

Why it matters: Disney’s box office success this year is attributable in part to a years-long strategy to invest in major tentpole franchises, like Pixar, Marvel and Star Wars. Most of its biggest box office hits this year came from those three brands.

Go deeperArrowDec 9, 2019

Disney remains box office champion of animated films with Frozen 2

Disney

After a record-breaking holiday weekend box office haul with Frozen 2, Disney is poised to win the box office yet again this year, and with it, remain the box office champion of animated films.

Why it matters: Rival streaming chiefs have talked openly about expanding their animation studios to compete with Disney, or to help lure families to their services.

Go deeperArrowDec 3, 2019

New estimates show Disney spends more on content than Netflix

Data: MoffettNathanson presentation from Code Media Conference; Chart: Axios Visuals

Michael Nathanson, a well-respected media research analyst, said Monday at Recode's Code Media conference that he estimates that Disney spends the most on content annually, followed by Comcast and AT&T.

Why it matters: There's been a long-standing narrative that Netflix spends more money on content than its streaming rivals, but the MoffettNathanson estimates revealed at the conference dispute that notion.

Go deeperArrowNov 19, 2019