The company's decision to scale back comes after underwhelming box office returns from seemingly bankable Marvel properties.
In an interview with CNBC’s David Faber, Iger explained the decision is meant to address a"diluted focus and attention" among audiences and decision makers for the two franchises, but also, maybe more importantly, cut costs."You pull back not just to focus, but also as part of our cost containment initiative. Spending less on what we make, and making less," the 72-year-old said.
The move comes at a time when Marvel properties are not performing at the box office as well as they did during the , an 11-year stretch from 2008 to 2019 where the studio released 23 titles culminating in the $2.799 billion success known as
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