On Tuesday, Disney announced it’s delaying several major live-action movies, pointing to problems for some of the Burbank-based company’s most-valued franchises.
that included trimming $3 billion from film and TV spending. A number of programs have been canceled and removed from the Disney+ streaming service.
“We still are developing Star Wars films,” Iger said at a Morgan Stanley conference in March. “We’re going to make sure that when we make one, that it’s the right one. And so we’re being really careful there.” The Little Mermaid, a live-action remake of the 1989 hit from Disney, failed to draw international audiences in particular after its release last month. That was in part due to less-than-enthusiastic reviews and a racist backlash over the casting of Black actress Halle Bailey in the lead role.
“If you look at the trajectory of Marvel over the next five years, you’ll see a lot of newness,” Iger said at the Morgan Stanley event. “We’re going to turn back to the Avengers franchise, but with a whole set of different Avengers as an example.”
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