Disney to Invest $5 Billion in UK and Europe Film, TV Productions Over Next 5 Years

August 9, 2024
Disney to Invest $5 Billion in UK and Europe Film, TV Productions Over Next 5 Years
  • Walt Disney has announced plans to invest at least $5 billion in film and television production across the UK and continental Europe over the next five years.

  • This investment will allocate approximately $1 billion annually to the EMEA region, which includes Europe, the Middle East, and Africa.

  • Jan Koeppen, Disney's president for the EMEA region, revealed the investment strategy in an interview with the Financial Times.

  • Koeppen oversees Disney's operations across 130 markets in the EMEA region, encompassing Disney+, motion pictures, television, content licensing, and local productions.

  • The announcement follows the success of recent films like 'Inside Out 2,' which grossed $1.6 billion globally, and 'Deadpool & Wolverine,' which earned over $900 million.

  • Disney's recent earnings report showed a 4% increase in total revenue to $23.1 billion, with operating income rising 19% to $4.2 billion.

  • Despite these positive developments, Disney has forecasted a slowdown in demand at its theme parks, leading to a 1.1% drop in shares.

  • Koeppen emphasized the ongoing popularity of the superhero genre, which presents significant potential for future projects.

  • Pinewood Studios in the UK has been a key production site for Disney, hosting 20 movies and TV shows over the past five years.

  • The investment will support a variety of projects across platforms, including Disney+ and National Geographic.

  • Upcoming projects at Pinewood include 'Snow White,' 'The Fantastic Four: First Steps,' and a new Star Wars film.

  • Koeppen also criticized France's regulatory environment for limiting competition and consumer choice in the media sector.

Summary based on 3 sources


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