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Iger told the Morgan Stanley Technology, Media
and Telecom Conference in San Francisco that streaming services
have traditionally relied on a volume of fresh content to
attract subscribers. He said he hopes to embrace a more curated
HBO-like approach of making a few high-quality shows built
around its major brands, as he works to lift Disney+ to a
profit.
"As we look to reduce the content that we're creating for our
own platforms, there probably are opportunities to license to
third parties," Iger said. "For a while, that was something we
couldn't possibly do because we were so favoring our own
streaming platforms. But if we get to a point where we need less
content for these platforms, and we still have the capacity of
producing that content, why not use it to grow revenue?"
Iger also talked about the possibility of licensing content to
third parties, noting that Seth MacFarlane's animated series
"Family Guy" drew viewers on Disney-owned Hulu after the shows
originally aired on the Fox network.
Iger returned to Disney in November, less than a year after he
retired, as the entertainment company sought to boost investor
confidence and profits at its streaming media unit.
The company announced a sweeping restructuring in February,
saying it would eliminate 7,000 jobs as part of an effort to
save $5.5 billion in costs and return power to Disney's creative
executives.
The plan promoted activist investor Nelson Peltz to end his
quest for a board seat, saying he was happy with Iger's
restructuring.
(Reporting by Dawn Chmielewski in Los Angeles; Editing by Lisa
Shumaker)
(Photo: Executive Chairman of the Walt Disney Company, Bob Iger
arrives at the world premiere for the film 'The King's Man' at
Leicester Square in London, Britain December 6, 2021.
REUTERS/Hannah McKay)
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