The Town with Matthew Belloni Disney’s Streaming Turnaround and Netflix’s Boxing Debut
Nov 19, 2024
Lucas Shaw, a Bloomberg reporter specializing in media and entertainment, joins to discuss Disney's profitability turnaround in streaming under Bob Iger's leadership. They explore strategic moves like cost reductions and an advertising tier that signal a brighter future for the company. Shaw also delves into Netflix's recent boxing debut featuring Jake Paul and Mike Tyson, highlighting the technical hiccups during the live broadcast. The conversation wraps up with insights into Conan O'Brien's potential impact on the upcoming Oscars ratings.
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Disney's Streaming Turnaround
- Disney is now projected to make $1 billion in streaming profit by 2025.
- This positive projection follows a period of significant losses, marking a turnaround for the company.
Disney and Netflix
- Disney and Netflix have the two strongest brands in film and TV.
- Disney's brand strength combined with its valuable content library, positions it well for success.
Disney's Branded vs. General Content
- While Disney+ excels with branded content from Marvel and Lucasfilm, its general entertainment division needs improvement.
- This division, focused on leveraging non-Marvel/Lucasfilm IP, has produced less impactful content.