“It’s all about content, content, content,” Disney CEO Bob Chapek said of the $1 billion spending
Disney Plus has achieved its goal of premiering one new title each week, Chapek said, and overall wants to double content output. By 2023, Disney will evaluate raising the price of Disney Plus once it achieves its target for new content.
In its annual report last November, the Walt Disney Co. said it planned to increase its overall spending on content to. On Wednesday, McCarthy said the company is still on track for that overall spend target. Disney’s fiscal Q1 earnings report marked the first time the company has broken out content spending for each of its streaming services.
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