Disney To Spend $5B On Movies & TV In Europe Over Next Five Years

deadline.com:

Fresh off the back of a set of better-than-expected financials, Disney is seeking to splash the cash in Europe. The Mouse House will spend at least $5B on blockbuster movies and TV shows in the continent over the next five years, according to its EMEA boss Jan Koeppen, who was interviewed in the FT this morning.

Set in context, however, the spend won’t be much of an increase on the past five years and could amount to less. In June, Koeppen revealed that Disney had spent around £3.5B ($4.5B) on production in just the UK over the last five years.

The success of superhero movie Deadpool & Wolverine, which has just topped $900M global at the box office, is a driving force, contributing to an improved set of results that also saw streamer Disney+ make a profit for the first time, ahead of schedule. “The genre seems to have a lot of life left,” said Koeppen of superhero movies.

Deadpool & Wolverine was filmed at the UK’s Pinewood Studios – one of 20 movies and TV shows made there over the past five years.