Disney is a juggernaut. There’s no denying that. Particularly after their acquisitions of Lucasfilm, Marvel Studios, and twentieth Century Fox, Disney has grown to as soon as unimaginable heights. This large empire clearly pulls in quite a lot of cash, greater than most of us may even think about, however because the outdated saying goes, it prices cash to generate profits. With the brand new yr almost upon us, The Walt Disney Firm has released their annual report which incorporates simply how a lot they’re planning on spending on content material in 2022, and shock, shock, it’s lots.
Disney plans on spending a whopping $33 billion on content material over the subsequent fiscal yr, which incorporates their streaming programming, linear programming, and sports activities content material. That’s positively not small potatoes however it’s truly an $8 billion enhance over their spending in 2021, the place they spent round $25 billion on content material. This enhance is primarily pushed by Disney’s varied streaming platforms corresponding to Disney+, Hulu, and ESPN+. With all the assorted Marvel and Star Wars tasks Disney has deliberate, it’s straightforward to see the place this cash will go, however choosing up sports activities rights can also be fairly rattling expensive. For comparability, Netflix, which is the most important streaming recreation on the town, spent near $14 billion on content material this previous yr; an enormous quantity to make sure, however lower than half of what Disney is planning on spending.
The corporate additionally revealed that Disney Studios will launch round 50 motion pictures for theatrical and streaming distribution in 2022, with the studio’s Basic Leisure division planning on producing round 60 unscripted collection, 30 comedy collection, 25 drama collection, 15 docuseries/restricted collection, 10 animated collection, and 5 made-for-TV motion pictures. Disney did say that these releases could possibly be impacted by potential COVID-19 delays, however Disney has been fairly strict in the case of imposing necessary vaccinations and security procedures on set. The newest big-budget Disney collection, Hawkeye, just lately debuted its first two episodes on Disney+. You may try a overview from our personal Alex Maidy right here.