The company's EMEA portfolio includes Disney+, films, television, content licensing and local original productions.
Disney has planned to invest at least $5bn in the UK and continental Europe over the next five years to produce blockbuster movies and TV shows, according to Jan Koeppen, the company’s president for Europe, the Middle East and Africa (EMEA).
Koeppen told the Financial Times that Disney will allocate approximately $1bn annually in the region, focusing on films, Disney+, National Geographic and other TV productions. This investment is expected to build on the recent success of films like Inside Out 2 and the company’s television ventures.
Inside Out 2 grossed $1.6bn globally, and Deadpool & Wolverine, which debuted this quarter, has already earned over $850m.
“We feel like we’re really on a roll again with movies, which is fantastic,” Koeppen told the Financial Times.
The announcement comes after Disney forecasted a “moderation in demand” at its theme parks, which caused a 1.1% drop in shares on Wednesday. Koeppen, who oversees Disney’s EMEA operations across 130 markets, manages Disney+, motion pictures, television, content licensing and local original productions.
