If survival of the streaming fittest was on the casually attired ex-CEO’s mind on Wednesday, so was the future of movies and liner TV – and the future is bleak from Iger’s POV.
“I don’t think movies ever return to the level they were at pre-pandemic,” Iger said, noting the “permanent scars” suffered since March 2020 saw most of the world shut down from Covid. “Competition, choice ..it replaces moviegoing,” Iger explained of where he believed consumers are actually at, despite the best hopes and prayers of many studio heads.
With that, teased as the “cashmere prince” by host Kara Swisher in her introduction, and side stepping efforts to get him to slag Warner Bros Discovery bossand his own Disney predecessor Michael Eisner, the relatively laid-back Iger also made it very clear that he is out of the entertainment executive game, for real. “I don’t miss my job,” 47-year Disney vet Iger added less than a year after leaving his top tier perch. “Retirement is great, I have a vastly different life than before.
Starting off his Code session with a career greatest hits and a self-described “miss” of his attempts to harness “the disruptive effects of digital technology,” Iger on Wednesday talked about the lessons he learned from large shelf space and “user friendly” Netflix in the early years of the last decade. “At Disney, we were the first studio to license movies to Netflix,” the ex-CEO and Chairman stated.
More like the former ' Big Hat of Rats' speaks about the haves and have nots of streaming.
As if everybody didn't see a ton of these streamers flopping right out the gate. How many did ya'll think people were gonna pay for simultaneously?
Eventually the streamers will merge into 4 or 5
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