Walt Disney Studios recently revealed in its annual report that it will produce fewer projects in 2023.
The announcement took fans by surprise, considering the huge number of films and series produced by disneythrough its subsidiaries, in recent years.
In its annual report, the disney stated: “In fiscal 2023, the studios plan to produce approximately 40 titles, which include episodic films and television shows, for distribution in theaters and/or on our platforms.”
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The Hollywood market was surprised when the The Walt Disney Company announced the return of Bob Iger as CEO, to take the place of Bob Chapek🇧🇷
The reason behind the departure of Chapek is unknown, but speculation points out that his work was not well regarded by shareholders.
For those who don’t remember, the controversy involving Scarlett Johansson in Black Widowwhich claimed breach of contract and initiated legal proceedings, caused enormous attrition.
“We thank Bob Chapek for his service to The Walt Disney Company over his long career, including leading the company through unprecedented challenges in a time of pandemic. Our board concluded that Disney is entering a complex period of industry transformation, and Bob Iger is uniquely positioned to lead.”
In comparison, the previous year’s report predicted a target of 50 films for 2022. The reasons for the company’s change in strategy were not detailed.