During today’s earnings call for investors, Disney’s new CEO Josh D’Amaro had some very interesting things to say. He focused on what makes Disney one of the most valuable companies in the world- it’s intellectual properties. In particular, he talked about Zootopia, and its overall performance.
“This morning, you heard me talk about how creativity is absolutely central to the execution of our strategy. And we’re focused on investing in IP that really breaks through and builds those fan connections and endure. And as you heard me say this morning, Zootopia is a prime example of this.”
He went on to talk about Disney’s fans as a whole. “Disney has the world’s most passionate and loyal fans. It’s something if you go to our theme parks, you see it all the time… A fan who watches a Disney film, for example, or visits a park or plays a game and buys our merchandise, it’s not just a subscriber, they’re in a relationship with the company, one that spans years and can generate value across every part of our business.” As an aside, we can absolutely confirm this, as ZNN lasted almost a decade on the back of a single one of their movies. Us fans are in it for the long haul.
At a different point, he dropped an absolutely incredible statistic. “And we, of course, see the potential of the strategy in films like Zootopia 2, which not only generated $1.9 Billion in global box office, but the franchise has now surpassed 1 billion hours streamed on Disney+”.
1 billion of anything is crazy, but 1 billion hours streamed for two movies in their vast catalogue? That’s absolutely wild(e). Hopefully this means that we’ll see more focus on the franchise in different parts of the Disney ecosystem moving forward! The company seems to be headed in a good direction under the new leadership, so hopefully it’ll continue to grow and develop the story of our favorite mammal metropolis!
Be the first to comment