8/17/2023 0 Comments Indiana jones timelineInstead, investors want him to end the over $10 billion in cumulative streaming losses since the launch of Disney+ three and a half years ago. Now that growth has faltered, with 4 million customers canceling their membership in the three months through March, and Wall Street is pushing Iger to end the scattergun approach of showering creators with money for new content. The Los Angeles-based media industry investor and self-admitted Star Wars fan still counts the deal a success for Iger, but he believes it got lost producing too much subpar content for Disney. “That emotional connection it enjoyed with fans has been damaged.” “The Force has left Lucasfilms,” said Eric Schiffer, CEO of private equity firm Patriarch Organization, in an interview. The studio hadn’t produced a theatrical release of any kind since, allowing the Marvel Cinematic Universe-despite recent setbacks-to supplant it as Disney’s cash cow. The third Skywalker trilogy started off with a bang in late 2015 with The Force Awakens, only to end with a whimper four years later as fans deserted the franchise. Yet the match made in heaven now risks becoming an albatross around Disney’s neck. When Iger acquired Lucasfilm for just over $4 billion a decade ago, it paired the century-old animation company with the studio behind Star Wars and Raiders of the Lost Ark. At nearly $300 million, Dial of Destiny is one of the most expensive films ever made and initial reviews suggest it could bomb big at the box office when it lands on June 30. had just premiered the fifth installment in its Indiana Jones franchise and a lot is riding on the fedora-sporting, bullwhip-toting archeologist portrayed by the now 80-year-old Hollywood star. Taking time out of his busy schedule running Disney, Bob Iger flew to the Cannes film festival in support of Harrison Ford’s latest movie, even posting on social media snapshots of the aging action hero on the red carpet.
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