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Bob Iger says Disney+ needs ‘more content for more people’


Bob Iger with Mickey Mouse during Mickey’s 90th Spectacular at The Shrine Auditorium, Los Angeles on October 6, 2018, 2018.

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Disney+ is required to provide “more content for people” in order to reach lofty subscriber goals. Former Walt Disney CEO Bob Iger.

Filiale Disney reiterated its goal of reaching 230 million to 260 million Disney+ subscribers by 2024November’s fiscal fourth quarter earnings report. The company stated that it now has 118.1 million subscribers.

Iger stated that there is guidance that has been provided by the company that I am not going to comment on or update. David FaberTuesday, February 13, 2009 – aired. “Obviously the company expressed confidence that it can achieve the guidance that is out there.”

Disney+ received a boost in its early days. coronavirus pandemicConsumers were unable to leave their homes and wanted entertainment. In recent months, however, the growth rate has been slowing as people return to outdoor activities and work in offices.

There is a huge selection of quality content for families, including animated Pixar and Disney films. The service has many must-see Marvel Cinematic Universe shows, such as “Loki”, “Hawkeye,” and Star Wars series “The Mandalorian,” although it does not have nearly as many new entries as competitors like Netflix. Netflix.

“I think” [Disney+]Iger stated that more volume is needed. Iger stated that there is likely to need more dimension, which basically means more programming, or more content, for different audiences. But, [CEO Bob Chapek]It is conscious of this and is working to address it.”     

Disney stock closed Monday down 1.5% at $146.47 Disney shares fell 19% in the past year. This puts its market value at $266.23 million.