Disney Will Boost Investment in Disney Plus Through 2024, Focusing on Global Content Expansion

Disney CEO Bob Chapek told investors Wednesday that the company is increasing its multibillion-dollar spending on content for Disney Plus as it adds more local and regional content for worldwide audiences. Last December, Disney projected it would spend between $8 billion-$9 billion on content for its premiere streaming service in its fiscal year 2024, and Chapek said that amount would now rise.

Source: Disney Will Boost Investment in Disney Plus Through 2024, Focusing on Global Content Expansion

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