ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DIS Walt Disney Co

110.93
-1.15 (-1.03%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Walt Disney Co NYSE:DIS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.15 -1.03% 110.93 112.04 110.80 111.92 8,156,577 01:00:00

Disney Chief Robert Iger Defends Marvel Movies Against Hollywood Critics

23/10/2019 5:51am

Dow Jones News


Walt Disney (NYSE:DIS)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Walt Disney Charts.
By Erich Schwartzel 

LAGUNA BEACH, Calif. -- Walt Disney Co. Chief Executive Robert Iger pushed back forcefully at criticism from acclaimed Hollywood directors Martin Scorsese and Francis Ford Coppola about Marvel Studios' superhero movies, saying he was "puzzled by it" and that they failed to appreciate the impact the films have on audiences.

Mr. Scorsese, known for movies such as "Goodfellas" and "Raging Bull," had said earlier this month the productions were more like "theme parks" than cinema. Mr. Coppola this week called them despicable.

"I reserve the word 'despicable' for someone who committed mass murder," said Mr. Iger, speaking at the WSJ Tech Live conference in Laguna Beach, Calif. "These are movies."

"They want to bitch about movies, it's certainly their right," Mr. Iger added, saying he'd gladly put those directors' movies up against features directed for Marvel by Taika Waititi and Ryan Coogler.

Mr. Iger is weeks away from launching his company's Disney+ streaming service, a dramatic shift in strategy for a company that for years has profited handsomely from the traditional TV and movie business. Disney+ will feature Disney movies and television shows for a $6.99 monthly subscription. The launch of a flagship streaming service has reoriented his company's managerial ranks and prompted an influx of production in anticipation of the Nov. 12 launch.

Mr. Iger said he is piloting the service himself. He spent two hours on Tuesday exploring the app and offering notes to engineers. His feedback: Make the product rely less on algorithms to predict what consumers want.

Mr. Iger's idea came after he had clicked on a category called "Mickey Mouse Through the Years." In addition to Mickey Mouse programs, the app serviced up related suggestions, including Pixar Animation Studios features.

"I think if people are clicking on Mickey Mouse, they mostly want Mickey Mouse," he said.

Mr. Iger has delayed retirement several times but is now scheduled to step down in 2021. He said the Disney board discusses succession and potential CEO candidates at each meeting, adding that he expects the handover to go more smoothly than the protracted interview process that preceded him getting the top job.

"I hope it is a more clear-cut decision," said Mr. Iger.

(More to come.)

 

(END) Dow Jones Newswires

October 23, 2019 00:36 ET (04:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Walt Disney Chart

1 Year Walt Disney Chart

1 Month Walt Disney Chart

1 Month Walt Disney Chart

Your Recent History

Delayed Upgrade Clock