Disney's Solution To Hollywood Strike, Delayed Content: Bring Old Streaming Exclusive Movies To Theaters
Portfolio Pulse from Chris Katje
Disney (NYSE:DIS) is bringing three previously streaming-exclusive Pixar movies to theaters in 2024 to mitigate the impact of the Hollywood Strike and a lighter movie slate. The films 'Soul,' 'Turning Red,' and 'Luca' will release in January, February, and March respectively. Disney faced box office struggles in 2023, with no film surpassing the $1 billion mark, breaking a streak since 2014, excluding pandemic years. CEO Bob Iger acknowledged potential franchise dilution from increased Disney+ output. Delays in major franchise releases like 'Avatar' and 'Marvel' are also noted, with potential further delays depending on the strike's duration.
December 05, 2023 | 9:40 pm
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POSITIVE IMPACT
Disney plans to release streaming-exclusive Pixar movies in theaters to offset a lighter movie slate due to the Hollywood Strike. This strategy may help mitigate box office struggles seen in 2023 and could positively influence Disney's revenue and stock performance.
The decision to release popular Pixar movies in theaters is a strategic move to generate additional revenue and attract audiences, which could positively impact Disney's financial performance in the short term. Given the historical success of Disney's theatrical releases and the current lack of new content due to the Hollywood Strike, this move is likely to be well-received by investors and could lead to a positive sentiment in the stock price. However, the overall impact will depend on the execution and audience reception of these releases.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100