Reportedly, The Walt Disney Company (DIS) has announced the release of “Black Widow” and “Cruella,” in theatres on the same day as it will be available on its streaming service. “Black Widow,” featuring Scarlett Johansson will debut on Disney+ and in theaters on July 9, and “Cruella” will release on May 28 in theaters and online. Both the above films will be available to Disney+ subscribers for an additional $30.
The decision comes as a blow for theatre operators, as they are already struggling with pandemic-driven long period closures and will now have to share two of the year’s biggest movies with the online platform. Even as the coronavirus case counts are reducing and cinemas again open in most of the country, movie lovers are still reluctant to return to theaters. The box office dropped 90% this year, due to capacity limitations and a dearth of new films.
Disney, leading the movie industry in market share in 2019, delayed many of its biggest movies last year and put others on its Disney+ streaming service, either included with a normal subscription or for an additional $30 fee, just like its last year’s “Mulan” release.
Disney Chief Executive Officer Bob Chapek said in a Bloomberg interview last week that he wants to give its viewers options because many are still concerned about returning to theaters.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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