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Is being too successful a bad thing? Some Disney executives seem to think so!
Marvel fans are likely reeling from a lot of the revelations from the May 7 earnings call that The Walt Disney Company telecasted for analysts, shareholders, and community members to listen to.
The call saw Disney on a winning wicket with many positive changes for the company, including, a surprising profit posted for the DTC entertainment streaming sector of the business. During this time, Disney boss Bob Iger also reaffirmed a few changes that Disney intends to make with their content strategy moving forward.
The Roy E. Disney Animation building / Credit: The Walt Disney Company
Specifically, Mr. Iger clarified that Disney would be making sure that Marvel Studios focuses more on quality over quantity, as Mr. Iger stated previously as well, and dropped (practically halved) their output in a year.
When it comes to Marvel, the studio has released many movies in the Marvel Cinematic Universe, not all of which have been successful. The MCU movie The Eternals, for example, fell flat with mixed reviews considering its all-star cast, and yet others like The Marvels with Brie Larson as Carol Danvers and Iman Vellani as Ms. Marvel didn’t do well either.
Many fans would swear by the fact that these movies don’t compare at all to movies from Phase 1 of Marvel, like Iron Man and Captain America.
But it seems Disney isn’t so worried about this.
Credit: Marvel Studios
A recent interview has left many scratching their heads in confusion at some statements from Louis D’Esposito, Co-President of Marvel Studios. “If we just stayed on top, that would have been the worst thing that could have happened to us. We took a little hit, we’re coming back strong,” D’Esposito said.
This was a sentiment that Marvel’s head, Kevin Feige, also echoed in different words, but it leads to a very interesting question. Have the setbacks Disney has faced in recent years actually helped the company?
It’s no secret that for years now, fans have been incredibly unhappy with the way things have been progressing at the Mouse House. While Disney was hit by the effects of the pandemic like all other companies, the company also notably suffered at the box office and with theme park attendance as well.
Disney boss Bob Iger came back to the helm in November 2022, and he pulled no punches in getting Disney back on track. The CEO took on the herculean task of cutting costs to the tune of $5.5 billion, and he actually exceeded expectations.
Disney CEO Bob Iger / Credit: Disney
Perhaps the wisdom that one must fall to get back up is worth remembering here, especially in light of how often Disney has found itself in dire straits and has come out swinging on the other side.
The Mouse House is a formidable player in its field, that’s for certain, but not everyone can be on the up and up all the time. Perhaps D’Esposito’s words hide true wisdom: even a behemoth like The Walt Disney Company needs to stumble to right itself every once in a while.
Do you think Disney’s rough patch had a role to play in its gradual but notable ascent back to the top at present? Let Disney Dining know in the comments!
