The move comes as the company is looking to cut costs during a time when its recent films, from Marvel to animation, have underwhelmed at the box office
While also noting that Disney had some Pixar animation misses in recent months, he called out Marvel as being a particular example of the company's"zeal" to pump up its original content on streaming.
"Marvel is a great example of that. 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."Frankly, it diluted focus and attention."billions of dollars at the global box office for the company.Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho.
Earlier this year,"Ant-Man and the Wasp: Quantumania" debuted as the 31st film in the Marvel Cinematic Universe, kicking off the fifth phase of the 15-year-old franchise. The film had seen the sharpest
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