Disney Shifts Focus To Streaming In Response To COVID-19 With Theatrical Releases No Longer A Priority

Disney Shifts Focus To Streaming In Response To COVID-19 With Theatrical Releases No Longer A Priority

Pixar's Soul is coming to Disney+ on Christmas Day, and it seems that could be the norm moving forward as Disney looks to put a much greater focus on releasing titles via its streaming service...

The world has changed thanks to COVID-19, and regardless of when a vaccine is introduced, the movie industry is never going to be the same. That's emphasised by the fact that Disney has decided to shift its focus, no longer making films with the assumption they will receive a theatrical release; instead, they will go wherever the studio decides is the best fit for them. 

"What we want to do is leave it to a group of folks who can really see objectively," Disney CEO Bob Chapek in an October 12 told CNBC shortly after an announcement was made about a shift to streaming. "[We want to] make the optimal decision for the company, as opposed to somehow have it predetermined that a movie is destined for theaters or that a TV show is destined for ABC."

The company's stock increase by 5.4% after this news broke, and as Chapek explains, "[Consumers are] going to lead us in the way that they make their transactional decisions. Right now, they’re voting with their pocketbooks and they’re voting very heavily towards Disney+. What we want to do is make sure we’re going to go the way that consumers want us to go."

Investors have been pushing for Disney to focus heavily on streaming with its theatrical business essentially dead at the moment, and it makes sense when Disney+ already has 60.5 million subscribers. 

Chapek concluded by saying that Disney wants to continue to give consumers the option of watching movies in theaters, "But at the same time, there’s a lot of consumers that want to experience movies in the safety, comfort, and convenience of their own home."

Reading between the lines here, it seems like theaters are going to become something of an afterthought, with consumers given the chance to choose between watching the latest releases at home or on the big screen. This feels like a smart business decision and one that a lot of people want, especially with the dangers involved in visiting your local multiplex for the time being.

What's going to be interesting is finding out how Disney ensures its blockbusters are profitable on streaming.

DISCLAIMER: Comic Book Movie is protected under the DMCA (Digital Millenium Copyright Act) and... [MORE]
Related Headlines
PETER PAN & WENDY Set Photo Reveals Our First Look At Jude Law As The Sinister Captain Hook

PETER PAN & WENDY Set Photo Reveals Our First Look At Jude Law As The Sinister Captain Hook

The first photos from the set of Disney+'s Peter Pan & Wendy have surfaced, and we get to see what Jude Law (Captain Marvel) will look like as iconic villain Captain Hook. Check them out right here...
CRUELLA: New Trailer And Poster Reveals More About The Disney Villain's Twisted Origin Story

CRUELLA: New Trailer And Poster Reveals More About The Disney Villain's Twisted Origin Story

Disney has released a new trailer and poster for Cruella starring Emma Stone, and it's now clear that there's more to this iconic Disney villain's origin story than we ever suspected. Check them out here!
CRUELLA Star Emma Stone Addresses Those JOKER Comparisons And Says The Disney Movie Is Very Different

CRUELLA Star Emma Stone Addresses Those JOKER Comparisons And Says The Disney Movie Is "Very Different"

Since the first trailer for Cruella was released, we've seen fans make plenty of comparisons to Joker. Star Emma Stone has now addressed this, & we also have a new batch of stills from the Disney movie.
Latest Headlines
ZACK SNYDER'S JUSTICE LEAGUE Exclusive: Scanline VFX Details Expanding The Russia Scene And The Parademon Gun

ZACK SNYDER'S JUSTICE LEAGUE Exclusive: Scanline VFX Details Expanding The Russia Scene And The Parademon Gun

We recently spoke with the Scanline VFX team that worked on Zack Snyder's Justice League, and we learned a lot about what they changed in the film, as well as their focus on Russia and the Parademon gun.
WHAT IF? Poster Reveals The Guardians Of The Multiverse - Possible SPOILERS

WHAT IF? Poster Reveals The "Guardians Of The Multiverse" - Possible SPOILERS

A new poster for Disney+'s What If? has been spotted out in the wild, and it seemingly confirms plans for a new team to assemble in the Marvel Cinematic Universe - the Guardians of the Multiverse...
MORTAL KOMBAT: A Brutal Fatality Clip Has Leaked Online - Major SPOILERS

MORTAL KOMBAT: A Brutal Fatality Clip Has Leaked Online - Major SPOILERS

We were told the Mortal Kombat reboot wouldn't skimp on some of the more brutal fatalities from the video game, and that clearly wasn't an exaggeration! Check out a leaked clip, but beware of spoilers...
Liv Morgan & Ruby Riott Paid Homage To Harley Quinn & The Joker With Their WRESTLEMANIA Outfits

Liv Morgan & Ruby Riott Paid Homage To Harley Quinn & The Joker With Their WRESTLEMANIA Outfits

The historic first night of WrestleMania 37 took place yesterday, and Ruby Riott and Liv Morgan, aka The Riott Squad, paid homage to The Joker and Harley Quinn with their outfits. Check out some photos...
BLACK ADAM Star Dwayne Johnson Comments On Possibly Running For President After Positive Poll Results

BLACK ADAM Star Dwayne Johnson Comments On Possibly Running For President After Positive Poll Results

A recent poll found that 46% of Americans would support Dwayne "The Rock" Johnson if he were to run for President of the United States, and the Black Adam star has now commented on that possibility...
THE FALCON AND THE WINTER SOLDIER: Marvel Studios Producer Nate Moore Debunks Black Panther Cameo Speculation

THE FALCON AND THE WINTER SOLDIER: Marvel Studios Producer Nate Moore Debunks Black Panther Cameo Speculation

There's been speculation that Chadwick Boseman's final appearance as Black Panther will be in next week's episode of The Falcon and The Winter Soldier, but producer Nate Moore has now debunked this theory.