Marvel Will Release No More Than Three Movies and Two Shows Per Year, Bob Iger Says

Jennifer Maas TV Business Writer “Grand Theft Auto 6″ has been slated for a fall 2025 release by Rockstar Games. The news was announced Thursday when Rockstar parent company Take-Two Interactive reported its fourth-quarter and full fiscal year 2024 earnings, revealing the company posted a $2.9 billion loss for the Jan. 1-March 31 period.

Jennifer Maas TV Business Writer Microsoft‘s Activision has launched a new internal, standalone studio with one mission: creating a new narrative-based and genre-defining AAA franchise. Titled Elsewhere Entertainment, the studio will be headquartered in Warsaw, Poland, with additional staff in the United States.

In July of 2023, recently returned Disney CEO Bob Iger shocked the media industry by indicating he might be open to divesting the company’s declining  linear assets. By last fall, he’d changed his mind, declaring them not for sale. On interviews and earnings calls since, he’s explained why — most recently at the MoffettNathanson media conference, and in the midst of annual upfront presentations to advertisers.

Walt Disney will cut its investment in programming for traditional television networks “pretty dramatically” as the company navigates the consumer shift to streaming, Chief Executive Bob Iger said Wednesday.Iger said linear channels such as ABC still serve as an important marketing tool and reach older viewers who are not watching series such as “Abbott Elementary” on Disney’s streaming platforms.Still, the goal is to “reduce pretty dramatically our investment in content specifically aimed at those traditional networks,” Iger said at the MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.On Disney’s theme parks business, Iger said he expected continued growth but perhaps not at the same rate as in recent years.“We’ve had double-digit revenue growth in that business for quite some time, and that’s extraordinary,” he said.

Over the past several months, on more than one occasion, we’ve heard from Disney executives about how they’re going to be cutting back a bit on streaming and put the focus on streamlining releases. That is to say, all that talk about how Disney+ was going to be the golden goose of the company was a bit premature.

Todd Spangler NY Digital Editor Disney CEO Bob Iger said that as the traditional pay-TV universe continues to shrink, the company is cutting its investment in content for linear TV networks while also amortizing that expenditure across streaming platforms. The strategy is “to reduce pretty dramatically our investment in content specifically aimed in those traditional networks,” Iger said Wednesday at MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.

Jennifer Maas TV Business Writer Warner Bros. Discovery kept up with TV upfronts week’s biggest trend at their presentation out of The Theater at Madison Square Garden Tuesday: Promoting not just its TV slate as a prime ad-buying opportunity — but also its film franchises. First up from CEO David Zaslav’s team, WB Discovery revenue and strategy chief Bruce Campbell addressed the Madison Avenue crowd following a sizzle featuring top WBD IP and brands across film and TV series.

Jennifer Maas TV Business Writer Food Network has a new magical treat in store for viewers this holiday season: The Warner Bros. Discovery-owned cable channel has ordered a baking competition inspired by the beloved “Harry Potter” franchise.

After a two-year absence from the upfront stage, Jimmy Kimmel was back Tuesday to take aim at Bob Iger, P Diddy, CBS and the new Golden Bachelorette.

Jennifer Maas TV Business Writer The theme of Disney‘s 2024 upfront presentation to advertisers Tuesday was “connections” — and not just because of the running bit started by “Deadpool” star Ryan Reynolds and “It’s Always Sunny in Philadelphia” star Rob McElhenney, which involved their constant replaying of a five-second ad spot that said “Connections!” with a Disneyified logo and voiceover. No, the symbol of unity across Disney’s brands was made up of a slew of announcements from Marvel, and about such other high-wattage projects as “Star Wars,” “The Bear,” “Only Murders in the Building,” the “Wizards of Waverly Place” sequel series, “9-1-1,” Ryan Murphy’s new slate of FX titles and more franchises with intersecting talent. Disney kicked off the event when Oscar-winning “Poor Things” star Emma Stone introduced the Mouse House’s big boss, Bob Iger — a job like that would traditionally go to a top ABC star.

“I am deeply optimistic about our company, and in a world that is so in need of entertainment is a true privilege,” said Disney boss Bob Iger today in a rare appearance on stage at the start of the media giant’s upfront presentation in New York City. “To run a company that is the embodiment of creative excellence, of great and bold storytelling, of quality, and of innovation.”

Jennifer Maas TV Business Writer Netflix is teaming up with Roblox to launch its own “digital theme park” on the online gaming platform. Dubbed “Nextworld,” the web-based universe will feature characters and content from Netflix IP including “Stranger Things,” “One Piece,” “Cobra Kai” and “Rebel Moon.” The offering debuts in early access Wednesday on Roblox.

Jennifer Maas TV Business Writer Warner Bros. will release the first of its new batch of “The Lord of the Rings” films in 2026, which will focus on Andy Serkis’s Gollum. Original “The Lord of the Rings” trilogy filmmaker Peter Jackson and his partners Fran Walsh and Philippa Boyens are producing the movie and “will be involved every step of the way” on the movie, Warner Bros.

Jennifer Maas TV Business Writer New transmedia company Iconic Arts launched Tuesday with $3.1 million in financing at a $20 million pre-seed valuation. The entertainment studio boasts support from screenwriter Eric Roth, Grammy winning artist Will.i.am and exec vets of Disney, Sony Pictures Entertainment and JP Morgan.

The Anaheim City Council gave final approval today to DisneylandForward, the $1.9 billion, Disney’s multi-decade expansion plan for Walt’s original park. Today’s 7-0 procedural vote came after a unanimous vote approving the project in April. The zoning and other changes laid out by the plan to take effect in 30 days.

Marvel Studios Co-President Louis D’Esposito and Marvel Studios President Kevin Feige are addressing the rough patch the studio has been through over the last few years.

during a quarterly earnings call on Tuesday. “The team is one that I have tremendous confidence in,” he began.

Marvel Cinematic Universe in the future, according to the CEO of Disney.Bob Iger was speaking to Wall Street analysts when he confirmed that he plans to release no more than three new Marvel films per year, as well as only two television series in the MCU.The studio head said that the plan is part of an overall strategy at Disney to focus on quality rather than quantity, with that applying particularly to their Marvel properties.“We’re slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, or a maximum of three,” he said. “And we’re working hard on what that path is.”He continued that the MCU will have “a couple of good films in ’25 and then we’re heading to more Avengers, which we’re extremely excited about.”“Overall, I feel great about the slate.

Zack Sharf Digital News Director Marvel Studios co-president Louis D’Esposito admitted to Empire magazine that “it’s been a rough time” for the Marvel Cinematic Universe following a rocky 2023 that included box office flops “Ant-Man and the Wasp: Quantumania” and “The Marvels.” The latter title is the lowest-grossing MCU movie of all time with just $206 million worldwide. Marvel didn’t fare better on television, where series such as “Secret Invasion” were widely panned by critics. Despite these setbacks, D’Esposito is committed to seeing the glass half full.

Marvel will be cutting back on the amount of content released per year after seeing a dip in interest.