Disney’s Investor Day will be taking place tomorrow, December 9th, with details about the parks, Disney+, and other aspects of the company.
While the conference will hopefully give everyone more details on upcoming films and the state of parks like Disneyland, here’s what else we could expect from Investor Day tomorrow!
According to Variety Magazine, this is the breakdown we can expect to see tomorrow.
Disney+, ESPN, and Hulu
Recently, Disney+ has seen a huge surge in subscribers, leaping to its target range of 60 million to 90 million subscribers four years ahead of schedule. Most likely, Disney CEO Bob Chapek will provide more details about what that means for its profitability milestone of the next few years.
Since many of the films that previously were set to appear in theaters, like Soul and Mulan, have now appeared on the streaming service, fans have been curious on whether other upcoming movies would be making their debut on Disney+ as well. Films like 101 Dalmatians, Cruella, and Pinocchio may be taking the streaming route, while Black Widow could be offered in the same pay-per-view avenue that Mulan was earlier this year.
However, the release of more films on Disney+ could mean that theaters suffer with less movies showing on the big screens. Since Disney’s theatrical releases tend to bring in the most revenue, even having a few Disney films could help theaters stay open. But, if most upcoming releases head to Disney+ instead, theaters could experience an irreversible impact.
Disney CFO Christine McCarthy has stated, “When you look at our box office numbers over the last couple of years, we drive a lot of people into theaters to see the Disney films. These tentpole films become kind of part of the zeitgeist of culture, whether it’s Marvel, whether it’s a ‘Black Panther’ — that was a couple of years ago — but these are movies that people like to see in theaters and talk to their friends about. So, once again, we hope the theaters stay healthy and can rebound from this COVID world we’re living in now.”
Chapek has also stated that Disney will be placing a lot of its investments in direct-to-consumer services. He noted that “when we talk to everybody on December 10th, I think you’re going to see that we’re going to put a lot of wind in the sails of our Disney Plus business and heavily invest in it.” However, films aren’t the only highly anticipated items coming to Disney+. Investor Day may provide details on series like The Falcon and the Winter Soldier.
ESPN Plus has also jumped ahead of its projected subscribers, reaching 10.3 million people steaming. However, Hulu is on track to reach its 40 million to 60 million goals by 2024 with its current 36.6 million subscribers.
Theme Parks
Disney Parks, on the other hand, have experienced less benefits with billions of dollars in losses from the pandemic. Disneyland has been closed for most of the year without any sign of re-opening with California’s strict guidelines. While Disney has also increased its layoffs to 32,000 people domestically, Disney may touch base on the implications of Disneyland’s prolonged closure during the Investor Day meeting.
We’ll be bringing you updates as they come in from Disney’s Investor Day tomorrow, so stay tuned!
Find out the details of Spider-Man 3‘s multi-verse here!
Will you be turning into Disney’s Investors Day conference? Let us know in the comments below!
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