The American entertainment giant revealed that Disney plans to spend US$33 billion (approximately Rs. 24,593 crore) on content in fiscal year 2022-for Disney, from October 1, 2021 to September 30, 2022. This figure comes from the annual report submitted to the US Securities and Exchange Commission (SEC) in the United States on Wednesday afternoon; this is equivalent to the Securities and Exchange Commission of India (SEBI) in the United States. The figure of USD 33 billion is an increase of approximately USD 8 billion (approximately Rs 59,621 crore) over Disney’s 2021 content spending.

“This growth is driven by higher spending to support our [direct-to-consumer] Expansion, and it is usually assumed that production will not cause major interruptions due to [the ongoing] Coronavirus disease [pandemic],” The Walt Disney Company wrote in its fiscal year 2022 annual report. Direct-to-consumer is a business term for streaming services, or platforms in India. This means that an additional $8 billion will be used for Disney+ , ESPN+, Hulu, and Disney+ Hotstar. Not to mention its movie business, or the hundreds of TV channels it operates around the world.

Disney+ streaming media subscriber growth slows down, reaching 118 million worldwide

Of course, as part of a long-term multi-year contract, the value of hundreds of millions of dollars in sports rights (such as the Indian Super League and the National Rugby League) has increased by 33 billion dollars every year. But this still shows that Disney is prioritizing its streaming business as it seeks to compete with companies such as Netflix, Amazon Prime Video, and HBO Max. Netflix has spent approximately US$17 billion (approximately Rs 126,691 crore) on content this year, and Amazon has invested more than US$11 billion (approximately Rs 81,979 crore) in 2020. Warner Bros. Discovery, the future parent company of HBO Max, said Will cash in spending 20 billion U.S. dollars (approximately Rs 149,052 crore) on content each year.

See also  The "wolf of all streets" trader called Dogecoin a good entry point for cryptocurrency, providing advice to DOGE investors – market and price bitcoin news

What will this $33 billion bring us? In the same annual report, The Walt Disney Company stated that its studios-Marvel Pictures, Walt Disney Pictures, Lucas Pictures, Pixar, Searchlight Pictures and Twentieth Century Studios-will Cinemas and streaming media provide 50 films (movies and episodes). At the same time, its general entertainment divisions-namely ABC and Disney Television Studios, National Geographic and FX Productions-will help produce 60 scriptless series, 30 comedy series, 25 serials, 15 documentary series and/or Limited series, 10 animated series, and five TV movies.

Some of these titles are familiar to us. Marvel will bring us Doctor Strange in the crazy multiverse with Benedict Cumberbatch and Olsen in May 2022, and Chris Hemsworth in July 2022 Si and Natalie Portman starred in Thor: Love and Thunder, and Black Panther: Wakanda Forever, which will be released on the big screen in November 2022. Technically speaking, the last one is Disney’s fiscal year 2023.On Disney+, we have ongoing Hawkeye With Jeremy Renner and Hailee Steinfeld, and the leadership of Oscar Isaac Moon knight, Female Hulk Collaboration with Mark Ruffalo and Tatiana Maslany, led by Iman Vellani Ms. Marvel, And the secret invasion of Samuel Jackson, Clarke, and Olivia Coleman.

From Pixar, we have “Red” about a Chinese-Canadian teenager in March 2022, and the origin story of “Toy Story” “Light Years” in June 2022. For Disney+, Walt Disney Pictures is producing the adult story “Nate Better Than Ever”, followed by an animated TV series-up Chip’n Dale: Rescue Rangers, and a sequel to the original Hocus Pocus 2, which is at least 30 years old.Lucasfilm will provide us with The Book of Boba Fett starting on December 29, led by Diego Luna Andorra, Led by Ewan McGregor Obi-Wan Kenobi, Or it may be the third season of The Mandalorian in 2022.

See also  EA's best year ever, thanks to FIFA Ultimate Team Apex Legends; announced net income of US$5.63 billion

Photo by Craig Adderley on Pexels