“We’re going to get paid in this new joint venture for our channels at a level that’s commensurate with the level that we get paid for those channels in the multichannel ecosystem,” said Iger.
While networks like FX, National Geographic and Freeform are not included in the new service, Iger pointed to Disney+ and Hulu as other streaming options.
“For us, it’s very low risk,” Iger said.
Game time
In addition to the game-changing news that the Taylor Swift Eras Tour film will be arriving on Disney+ next month, the company also announced a $1.5 billion investment in Epic Games, the parent company of Fortnite.
The companies will develop a “transformational games and entertainment universe” in a move that marks Disney’s largest investment in the gaming space yet.
While Disney has previously licensed characters like Spider-Man and collaborated with Epic for Fortnite characters, the new partnership will have Disney and the Fortnite studio collaborating on new games—with shoppable experiences, of course.
“This new universe from Disney and Epic provides us with a tremendous opportunity to not only meet more consumers where they are but to allow more audiences to cultivate a bond with Disney’s iconic brands and franchises,” said Iger.