Disney+may benefit from further delays with the studio’s theatrical releases as more movies may be going directly to the streaming service in the future. This, according to former Disney CEO and current Executive Chairman Bob Iger. It was recently revealed thatArtemis Fowlwill debut on Disney+ sometime this year, skipping a theatrical release. As Iger explains, that may not be the only title to make the move from theatrical to streaming, but don’t expect to see it happen with the studio’s upcoming tentpole releases.
Given what’s going on in the world right now, most movie theaters are shut down entirely and virtually all major releases through June have been delayed. Some have wondered ifDisneymight put movies likeBlack WidoworMulanon Disney+ instead. While that won’t be happening, Bob Iger isn’t ruling out other movies making the shift. Here’s what Iger had to say about it in a recent interview.
“There are some we’ve decided to put on Disney+.We already announced one, Artemis Fowl, that would have been released in theaters. Others we’ve simply delayed. In some cases we’ve moved things onto Disney+ faster than we would have. Frozen 2 was one of them, but Onward would be the biggest example. It was in theaters when this happened.”
“We moved to a pay-per-view period for a couple of weeks where people could buy it and own it. And then we ended up putting it on Disney+. In terms of movies going ahead after Artemis, there may be a few more that we end up putting directly onto Disney+, but for the most part a lot of the big tentpole Disney films, we’ll simply wait for slots. In some cases we’ve announced new ones already, but later on in the calendar.”
There is a lot to unpack here.Black Widow and several other delayed movieswere recently given new release dates as Disney reshuffled its 2020/2021 calendar.Black Widowand other big-budget tentpoles stand to make far more money in theaters, even with a relatively uncertain future ahead, than they could possibly generate via streaming. So putting movies like them directly on Disney+ doesn’t make that much business sense.
Other studios, on the other hand, may see value in doing a VOD/Digital release. Universal kicked that door wide open a couple of weeks back by putting recent releases such asThe Invisible ManandThe Huntonline.Trolls: World Tour, which was destined for theaters, will arrive digitally this month. Disney has not yet set a premiere date forArtemis Fowl, but it’s expected to be announced soon. This news comes to us viaBarrons.
