The Hollywood conglomerate, led by CEO Bob Iger, also unveiled that it would increase its spending on content next year by $1 billion to a total of $24 billion amid a competitive marketplace.
And, notably, the Disney chief also hinted at potential artificial intelligence deals that may power user-generated content on Disney+. “We’ve been in some interesting conversations with some of the AI companies and I would characterize some of them as quite productive conversations as well, seeking to not only protect the value of our IP and of our creative engines, but also to seek opportunities for us to use their technology to create more engagement with consumers,” Iger said.
Disney shares dropped 7.8 percent after Thursday’s earnings report and conference call as investors…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
