Sep
08
Disney CEO Bob Iger confirmed that fewer Star Wars movies and series will be produced in the future.
At Star Wars Celebration, there were several updates to the Star Wars timeline, including three upcoming films, the first theatrical releases since 2019.
Iger played a pivotal role in Star Wars going under the Disney umbrella when the company bought Lucasfilm in 2012.
Iger returned to the House of Mouse in November 2022 after a two-year run by former CEO Bob Chapek.
Originally, Iger was set to return until at least 2025, but now, his contract has been extended until the end of 2026. The ultimate goal is to find a proper predecessor for one of Earth’s biggest media and entertainment companies.
As Star Wars and other series across the board on Disney+ ramped up under Chapek, the company was losing over $1 billion on the streamer.
Star Wars To Make Fewer Projects
During a recent interview with Squawk BoxDisney CEO Bob Iger re-confirmed that the company will be “spending less on what [they] make and make less” projects like Star Wars.
When asked directly if they’ll be pulling back on Marvel and Star Wars projects, Iger simply responded,