Disney likely to cut-off more Content from Disney+ and Hulu, Know reasons
Disney has warned the removal of content that began with Willow and other series on Disney+ is the first step in an adjustment plan for its different platforms. The Walt Disney Company is immersed in a restructuring process, with staff and expense cuts, layoffs at studios like Pixar, and internal changes at different levels. A few weeks ago, Disney removed more than 50 titles from Disney+ and Hulu, and CEO Bob Iger seems willing to continue saving operating costs with new purges of the company’s media libraries across its various digital services.
72-year-old Bob Iger, who defended this measure before investors and shareholders, has confirmed that it is planned to continue removing content as was done with Willow or The World According to the American Actor Jeff Goldblum. “the team is working towards achieving the ideal route to profitability,” explains Iger in statements and data collected by Collier. With the first batch of this great deletion, which ended with different series and movies highly promoted by Disney + a few months ago, up to 1.5 billion dollars would have been saved, a huge amount of money that will be used to pay and reduce the debt that the company maintains. company with the US Department of the Treasury.
In the coming months, and just as it has already been confirmed that Netflix will do in countries like the United Kingdom for other reasons, Disney will once again adjust its multimedia catalog by eliminating another part of the catalog. If it is executed correctly, the company hopes to save another 400 million dollars which will allow it to continue reducing the debt that it maintains with the United States treasury and thus catch up on the taxes it owes. The new mouse purge is planned to occur during the third quarter of Disney’s fiscal year, which falls after the summer.
“Disney can save more than $400 million with the next big wipe, scheduled for late summer”.
It is unknown which series, films or documentaries will fall into this new elimination, a measure that has satisfied shareholders but has raised doubts among subscribers. The deletion of content, which we have talked about in You will see, has generated great controversy on social networks. Iger and his new mandate seek to make Disney more profitable and stronger, a company that has had a couple of very difficult years. With the deletion of series and movies, they claimed that their content offers would be more selective and attractive in the coming years. Those affected, beyond the users, were the protagonists of the failed Willow, which was sold as a great success by Lucasfilm but did not convince anyone.