Disney CEO Bob Iger has stated that the company has no intention of licensing its valuable content, such as Marvel and Star Wars programming, to platforms like Netflix solely for financial gain. In an interview with The Hollywood Reporter, Iger mentioned ongoing discussions with Netflix for certain opportunities, but clarified that this would not involve Disney's major brands.
"These are clear competitive advantages and unique factors," stated Iger. "Disney, Pixar, Marvel, and Star Wars, for instance, have been extremely successful on our platform. I fail to see why, purely for financial gain, we should deviate from utilizing these crucial pillars that contribute to the present and future of our streaming business."
It may seem obvious that a company like Disney, which produces content and owns a streaming platform, would prefer to keep that content exclusive to its own network. However, in the broader media landscape, this paradigm is beginning to shift. For instance, Warner Bros. Discovery licenses shows such as Band of Brothers and Ballers to Netflix, and more recently, WBD's Dune also made its way to Netflix.
Disney's licensing of content to Netflix is still uncertain. On another note, the beta version of the combined Disney+/Hulu app is set to launch in December.
Similarly, Netflix is also undergoing changes. The company has recently revealed its intention to reduce production of original movies, lowering the yearly output to approximately 25 to 30, down from around 50.
Editor's P/S
As a Gen Z fan, I have mixed feelings about Disney's decision to prioritize exclusive streaming of its content, including Star Wars and Marvel. On the one hand, I understand the company's desire to maximize profits by keeping its most popular content on its own platform. On the other hand, I am concerned that this decision will limit the accessibility of these beloved franchises for fans who may not be able to afford or access Disney+.
I grew up watching Star Wars and Marvel movies and TV shows, and they have played a significant role in shaping my pop culture tastes and imagination. The idea that I may not be able to easily access this content in the future is disappointing. I am also concerned about the impact this decision will have on the overall streaming landscape. If Disney continues to pull its content from other platforms, it could lead to a decrease in competition and a less diverse range of content for consumers.
However, I also recognize that Disney is a business, and it has to make decisions that are in the best interests of its shareholders. If the company believes that exclusive streaming is the best way to achieve its financial goals, then I can understand why it is making this choice. Ultimately, I hope that Disney will find a way to balance its business objectives with the needs of its fans and ensure that everyone has access to the content they love.