Bob Iger, who oversaw Disney's acquisitions of Pixar, Marvel, Lucasfilm and Fox, says movie theaters as an experience won't go away.
CEO and outgoing chairman, recently told CNBC he has"very, very firm" beliefs about all of this. Put most simply, he doesn't see the human need to experience things in the real world disappearing, but there will likely be less attendance overall at the movies, and fewer — and shorter-window — theatrical releases.
The question the industry has to grapple with, Iger contends, is not whether people will continue to value the experience of going to movie theaters, but rather, the size at which the market will settle. This combination is particularly worrying for the theater industry right now due to the cost of a movie ticket in an era of rising prices, and the budget of films like"West Side Story," which cost $100 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney's Bob Iger on how to tell successful stories in the tech-dominated eraBob Iger's big deals at Disney included Pixar, Marvel, Lucasfilm and Fox, and they were as much about building scale as great storytelling.
Read more »
Disney+ Celebrates Disney+ Day with Worldwide CelebrationFrom New York to Brazil, Disney+ threw an epic celebration in honor of the second anniversary of the streaming platform on Nov. 12.
Read more »
Disney+ Celebrates Disney+ Day with Worldwide CelebrationFrom New York to Brazil, Disney+ threw an epic celebration in honor of the second anniversary of the streaming platform on Nov. 12.
Read more »
Disney Chairman Bob Iger explains why he's leaving the company and how he acquired Pixar, Lucasfilm and MarvelDisney Chairman Bob Iger explained why he's finally leaving Disney and how he convinced Steve Jobs, George Lucas and others to sell Disney their prized assets.
Read more »
Disney Melee Mania is a MOBA 101 Class for Children | Digital TrendsDisney Melee Mania simplifies gaming's most complicated genre, creating a perfect gateway game for kids.
Read more »
Here’s When the Next Episode of 'Hawkeye' Will Drop on Disney+Here's when to tune in as each new episode of the Disney+ series drops.
Read more »