Disney will spend $33 billion on content in 2022

The Walt Disney Company plans to spend $33 billion (roughly Rs. 2,45,930 crore) on content in fiscal year 2022 – for Disney, that’s October 1, 2021 to September 30, 2022 – the US giant has revealed entertainment. This figure comes from an annual report filed Wednesday afternoon in the United States with the Securities and Exchange Commission (SEC); it is the American equivalent of the Securities and Exchange Board of India (SEBI). The $33 billion figure represents an increase of about $8 billion (about Rs 59,621 crore) from Disney’s content spend in fiscal 2021.

“The increase is due to higher spending to support our [direct-to-consumer] expansion and generally assumes that there are no significant production disruptions due to [the ongoing] COVID-19[feminine[pandemic]“wrote The Walt Disney Company in its annual report FY2022. Direct-to-consumer is the business term for streaming services – or over-the-top (OTT) platforms as they are known in India. That means the extra $8 billion goes to Disney+, ESPN+, Hulu, and Disney+ Hotstar. Rather than saying his film business or the hundreds of television channels he operates around the world.

Disney+ streaming subscriber growth slows to 118 million worldwide

Of course, that $33 billion is inflated by the value of sports rights (such as the Indian Premier League and the National Football League) which run into the hundreds of millions of dollars a year – under multi-year contracts to long term. But it still shows that Disney is prioritizing its streaming business as it seeks to compete with Netflix, Amazon Prime Video, HBO Max and others. Netflix spent around $17 billion (around Rs. 1,26,691 crore) on content this year, Amazon shelled out over $11 billion (around Rs. 81,979 crore) in 2020, and HBO Max’s future parent Warner Bros. Discovery, said it will bank over $20 billion (about Rs. 1,49,052 crore) on content every year.

And what will this 33 billion dollars bring us? In the same annual report, The Walt Disney Company said that its studios – i.e. Marvel Studios, Walt Disney Pictures, Lucasfilm, Pixar, Searchlight Pictures and Twentieth Century Studios – will provide 50 titles (movies and series) for cinemas and streaming. Meanwhile, its General Entertainment division – that is, ABC and Disney TV Studios, National Geographic and FX Productions – will help produce 60 unscripted series, 30 comedy series, 25 drama series, 15 docuseries and / or limited series, 10 animated series, and five made-for-TV movies.

Some of these titles are known to us. Marvel will bring us Doctor Strange in the Multiverse of Madness with Benedict Cumberbatch and Elizabeth Olsen in May 2022, Thor: Love and Thunder with Chris Hemsworth and Natalie Portman in July 2022, and Black Panther: Wakanda Forever in November 2022 on the big screen. The last of these is technically FY 2023 for Disney. On Disney+ we have the course Hawk Eye with Jeremy Renner and Hailee Steinfeld, plus Oscar Isaac Moon Knight, She-Hulk with Mark Ruffalo and Tatiana Maslany, conducted by Iman Vellani Ms. Marveland Secret Invasion with Samuel L. Jackson, Emilia Clarke and Olivia Colman.

From Pixar, we have Turning Red in March 2022 about a Chinese-Canadian teenager, and Toy Story Lightyear’s origin story in June 2022. For Disney+, Walt Disney Pictures is doing a coming-of-age story Better Nate Than Ever, animated TV series follow-up Chip ‘n Dale: Rescue Rangers, and the sequel to Hocus Pocus 2, are at least 30 years old. Lucasfilm will give us The Boba Fett Book from December 29, directed by Diego Luna Andor, led by Ewan McGregor Obi Wan Kenobi, and possibly Season 3 of The Mandalorian in 2022 as well.

Photo by Craig Adderley from Pexels

Check out the latest from the Consumer Electronics Show on Gadgets 360, in our CES 2022 hub.