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Disney announces major reorganization, primary entertainment focus is Disney+
Posted on 10/12/20 at 4:40 pm
Posted on 10/12/20 at 4:40 pm
quote:
The move by Disney comes as the global coronavirus pandemic has crippled its theatrical business and ushered more customers toward its streaming options. As of August, Disney has 100 million paid subscribers across its streaming offerings, more than half of whom are subscribers to Disney+.
“I would not characterize it as a response to Covid,” CEO Bob Chapek told CNBC’s Julia Boorstin on “Closing Bell” on Monday. “I would say Covid accelerated the rate at which we made this transition, but this transition was going to happen anyway.”
The reorganization involves centralizing Disney's media business into a single entity that handles content distribution, ads, and Disney+ - all designed to accelerate direct to consumer media distribution.
Quote from Chapek -
quote:
As you know we've benefited from a tremendous relationship with theatrical exhibitions for many many years. As dynamics change in the marketplace, though, we want to make sure we're giving consumers who want to go to theaters to experience everything that a theatrical release can give them, we want to make sure we continue to give them that option.
But at the same time, there's a lot of consumers that want to experience a movie in the safety, comfort, and convenience of their own home, for whatever reasons they do. So we want to make sure that again, we put the consumer first and that the consumer is going to be making the decision in terms of how they consume our media as opposed to some arbitrary decision that we may make from a distribution standpoint.
Theaters are pretty much dead. Even if they do somehow make a comeback, they're going to become niche experiences now that major studios like Disney seem to be committing to day one releases for streaming.
Full interview on CNBC.
LINK
9
Posted on 10/12/20 at 4:45 pm to Cs
quote:
Even if they do somehow make a comeback, they're going to become niche experiences now that major studios like Disney seem to be committing to day one releases for streaming.
This isn't the worst idea ever. There are times I'd like to go to a theater to see a movie, and other times I'd prefer to watch from home. But I've never had the option of getting to decide that about a movie which was just released. Given the ability to stream content and home theater equipment, this seems like an easy solution for studios.
Posted on 10/12/20 at 4:47 pm to Cs
I don't hate it
Posted on 10/12/20 at 4:58 pm to GeauxTigerTM
quote:
This isn't the worst idea ever. There are times I'd like to go to a theater to see a movie, and other times I'd prefer to watch from home. But I've never had the option of getting to decide that about a movie which was just released. Given the ability to stream content and home theater equipment, this seems like an easy solution for studios.
The problem is that this distribution model prioritizes quantity over quality.
A subscription based service is only effective if you keep giving individuals a reason to stay subscribed. You don't do that by giving them a few big budget movies each year - you do it by breaking up the budgets for those big films and creating a higher quantity of smaller products. This means users have to keep subscribing each month to experience that content, regardless of its quality.
That's the goal. The business model is a carrot on a stick - a continuous stream of intriguing content to give people a reason to stay subscribed each month.
Most people are fearing the closure of theaters, but they should really be fearing the fact that this paradigm could very well lead to fewer big budget films like Infinity War and End Game.
Posted on 10/12/20 at 5:07 pm to Cs
I'm okay with this if someone can tell we where to get that oil that theaters call butter and that oil that theaters call nacho cheese.
Posted on 10/12/20 at 5:09 pm to Cs
As each day passes, I get more and more confident building a home theater was the right decision.
Posted on 10/12/20 at 5:12 pm to Cs
I don't want to watch Marvel and Star Wars at home. It's not the same. I'm certainly not gonna pay $50 either.
Posted on 10/12/20 at 6:06 pm to Brosef Stalin
The commie is right.
Idgaf a how good the sound system is on your 70 inch screen it’s still not the same and you know it.
Idgaf a how good the sound system is on your 70 inch screen it’s still not the same and you know it.
Posted on 10/12/20 at 6:10 pm to Cs
quote:
Most people are fearing the closure of theaters, but they should really be fearing the fact that this paradigm could very well lead to fewer big budget films like Infinity War and End Game.
Wouldn't that be the end of the studios? Without Marvel and Star Wars does Disney's movie studio make enough money to survive?
I wonder if everyone moves to a Netflix model if there's a large enough market to support all of them. Between Netflix, Amazon, HBOMax(Warner Bros), Disney+, AppleTV+, Peacock(Universal)... and probably some more in the future it seems like too much for the average person to afford.
Netflix made a profit of $1.9 billion in 2019
Infinity War made $1.6 billion roughly
Seems like Hollywood without their tent pole franchises could be very different in a few years.
Posted on 10/12/20 at 6:11 pm to Brosef Stalin
quote:
I don't want to watch Marvel and Star Wars at home. It's not the same. I'm certainly not gonna pay $50 either.
I love going to the movies, always have. Maybe I'm just getting to be a grumpy old man, but people are always talking and making noises in movies now and it ruins it for me. I went to the movies last night and there were some kids in the back that were almost screaming at some points.
Posted on 10/12/20 at 6:39 pm to JoeHackett
quote:
Wouldn't that be the end of the studios? Without Marvel and Star Wars does Disney's movie studio make enough money to survive?
The studios still exist and make content, but the nature of the content changes to promote revenue growth under a subscription based model.
Let's say you allocate $200 million for a new Star Wars project. That would certainly be enough to make a really nice big budget Star Wars film - but in a subscription based streaming world, does that make sense? Why spend so much money on a product that can be consumed within a few hours? One would only need to subscribe to Disney+ for a month to access that content. Then they could cancel their subscription again.
So instead, why not use that money to create a product that brings in that user for three months instead of one, like with a 10 episode series stretched out over 10 weeks? Suddenly that user that was maybe only going to subscribe for one month to watch that big film is now subscribing for three consecutive months to watch that series. You're taking the same amount of money, but using it to create products that are designed to maximize profits within the context of a subscription based service.
Or, instead of a single new series, you take that $200 million and create multiple new Star Wars products - maybe a $70 million animated movie, a $80 million CGI movie, a $10 million Star Wars Behind the Scenes documentary, and a $40 million three episode mini series. You now have multiple products that you can introduce each month to keep users engaged, rather than just dumping all of that money into a single product that requires only one month of subscription time to consume.
Suddenly the big budget Avengers and Star Wars films are no longer the most financially pragmatic option.
This post was edited on 10/12/20 at 6:47 pm
Posted on 10/12/20 at 6:41 pm to Cs
I would think that most people with kids would prefer to put a movie on the TV, rather than drag them to a theater and hope they stay quiet for 80 minutes.
Posted on 10/12/20 at 6:46 pm to Cs
As long as they absolutely gut the shite outta ESPN I will be happy. I want to see the entire upper management and talent echelon of that organization feel pain.
Posted on 10/12/20 at 6:51 pm to Cs
Who’d have ever thought we’d see a shift away from movies in the theater being mainstream. I guess it’s been a question for at least a little bit. I also suppose it had to happen eventually.
ETA: one more step into the introversion of our society. Also one less thing that you can go out in the world and experience for yourself. One more thing that can be conveniently delivered to your own home without you ever having to leave.
ETA: one more step into the introversion of our society. Also one less thing that you can go out in the world and experience for yourself. One more thing that can be conveniently delivered to your own home without you ever having to leave.
This post was edited on 10/12/20 at 6:52 pm
Posted on 10/12/20 at 7:36 pm to GeauxTigerTM
I love the theater experience...when I have people to go with, which I rarely do. I already choose which movies I see in theaters based on the genre of movie. Spectacles like big budget action movies, scify, fantasy, period pieces, war movies, etc. are in the theater. Family cartoons, mediocre comedies, and Oscar bait dramas I watch at home.
This post was edited on 10/12/20 at 8:33 pm
Posted on 10/12/20 at 7:37 pm to Cs
I don't understand how you justify a budget for a streaming movie. Netflix spent $200 million to make The Irishman and it just came with your regular subscription. If Disney is gonna put all their new movies on D+ ppv that's one thing, but if it goes straight to regular D+, how do you justify a movie being worth $100 million+? That's something the streaming providers need to figure out.
Posted on 10/12/20 at 8:58 pm to Brosef Stalin
Just imagine if Disney hadn't started developing Disney+ a few years ago, they'd really be fricked.
Posted on 10/12/20 at 9:02 pm to Cs
quote:
Theaters are pretty much dead. Even if they do somehow make a comeback, they're going to become niche experiences now that major studios like Disney seem to be committing to day one releases for streaming.
Maybe this opens up more opportunity for original movies and less known directors to get in theaters more easily. Possibly easier access to more indie flicks. This could snowball into a really good thing.
God knows everyone here whines incessantly about the recycled shite from Disney anyway. I would think y’all would be celebrating.
Posted on 10/12/20 at 9:35 pm to Cs
quote:
The problem is that this distribution model prioritizes quantity over quality.
A subscription based service is only effective if you keep giving individuals a reason to stay subscribed. You don't do that by giving them a few big budget movies each year - you do it by breaking up the budgets for those big films and creating a higher quantity of smaller products. This means users have to keep subscribing each month to experience that content, regardless of its quality.
That's the goal. The business model is a carrot on a stick - a continuous stream of intriguing content to give people a reason to stay subscribed each month.
Most people are fearing the closure of theaters, but they should really be fearing the fact that this paradigm could very well lead to fewer big budget films like Infinity War and End Game.
Disney's back catalog should help with retaining customers especially if they add all the old ABC stuff
Posted on 10/12/20 at 9:38 pm to Cs
quote:
The studios still exist and make content, but the nature of the content changes to promote revenue growth under a subscription based model.
I guess my point is that every studio can't move to streaming and survive. There are already too many services out there and if a few more join without the windfall of a major theatrical release every year, those studios will start to fail.
Disney could afford to lose some money on Disney+ as long as they were raking in a few billion from Star Wars and Marvel. Without those billions, the margins get really thin for Disney+. Suddenly making one small mistake could ruin their business.
I think we're seeing it the same way though. I'm just more pessimistic on a future without major tent pole franchises, coupled with the increasing competition on the streaming side.
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