bob chapek

Disney CEO Bob Chapek doesn't think consumers want to wait 45 days for movies to arrive on their streaming services.

Speaking at a conference hosted by J.P. Morgan on Monday, Chapek didn't say whether that would drive moviegoers to the theaters or drive companies like his to put films on their services faster, but one thing is clear: the pandemic upended one of Hollywood's oldest paradigms.

Asked whether shortening a film's theatrical-only exhibition period to 45 days might induce more consumers to wait to watch on streaming platforms, Chapek said, "I don't think people have that much patience, to be honest with you."

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Anyone who thought Netflix's recent slowdown in subscriber growth could open up a path for Disney to make some headway in the streaming war should think again. All eyes were on Disney Plus during Thursday's earnings call, and the streaming service badly underperformed Wall Street estimates for quarterly subscriber growth.

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Walt Disney Company is restructuring its operations to prioritize streaming as the pandemic reshuffles the entertainment industry.

With the new structure, there will be three content groups: movies, sports and general entertainment such as television shows. Another arm will determine on which platforms content will be distributed.

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