CEO Bob Iger says company will scale back releases in superhero franchise as it seeks to take on Netflix in streaming market
Disney plans to release fewer movies and “focus more on quality” in its key franchises, following of a string of high-profile flops at the box office.
The Hollywood giant is cutting back on productions from the Marvel Cinematic Universe, which ramped up releases in recent years as Disney embarked upon an expensive bid to take on Netflix.
More Stories
Canadian company in negotiations with Trump to mine seabed
Australian house prices hit new peak as rate cut drives buyer demand
Hyundai facing legal action over car that can be stolen ‘effortlessly in seconds’