Disney is slowing down when it comes to making movies and TV series for its Marvel Studios and Lucasfilm franchises, CEO Bob Iger said on CNBC Thursday.
Spending less on what we make, and making less," Iger said Thursday.
Iger said Thursday that a lot of decisions were made to prop up the company's flagship streaming service, Disney+, and beckon more customers.
It had not been in the television business at any significant level, and not only did they increase their movie output, but they ended up making a number of TV series," said Iger.
Disney acquired Marvel for more than $4 billion in 2009, and the franchise has since grossed billions of dollars at the global box office for the company.
Persons:
Bob Iger, Iger, Marvel
Organizations:
Disney, Marvel Studios, Lucasfilm, CNBC, Marvel