Bob Chapek, the new CEO of Disney, explained in what terms the company will put itself on the relationship between films for streaming and films for theaters.
Yesterday’s news regarding Disney’s new focus on production for it streaming went around the world: discussing it with CNBC the CEO Bob Chapek, who inherited the management of the company from Bob Iger in this difficult year, has specified what it is based on production and distribution reorganization recently sanctioned. There content production will become disconnected from the channel on which it will be proposed: in other words, a film will first be made regardless of its destination, then a newborn division Media and Entertainment Distribution will study how to present it to the public, with an eye on streaming (Disney + and in the States the various Hulu, ESPN + and the upcoming Star), also taking into consideration cinemas and linear channels. Let’s leave room for Chapek’s precise words:
We want to leave the decisions to a group of people who have an objective vision of all the parts that constitute us, of everything we have to consider, to take the optimal decisions for the company, instead of predetermining that a film is destined for cinema, or that a series is destined for ABC. […] I could say Covid accelerated the pace at which we made this transition, but it was a transition that would have taken place anyway.