For decades the terms "innovation" and "Disney" have been spoken together by critics and investors. If it is a new technique in storytelling, process innovation at a theme park, animation innovations, Disney is at the heart of the discussion. This week, one of the readings is Six Reasons Why Disney Fans Should Be Worried. This article spotlights one of the dilemmas Disney is now facing.
Does success in streaming (Disney+) translate in practical terms to abandoning innovation in filmed entertainment products?
Has Disney become so driven to satisfy investors that the quality and interest in their products is being sacrificed to compete with Netflix and other streaming services? Has the innovation of the past being sacrificed at the altar of a fast ROI?
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These are important questions to consider. Although Disney has achieved success with its streaming service, Disney+, it is possible that the company's focus on meeting investor expectations and competing with streaming giants like Netflix could lead to a compromise in the quality and innovation of their filmed entertainment products.
Innovation has always been a hallmark of Disney's success. From pioneering animation techniques to revolutionizing theme park experiences, Disney has a long history of pushing boundaries and captivating audiences with fresh ideas. However, the current emphasis on streaming and the need to generate fast returns might divert resources and attention away from investing in innovation.
When a company becomes too fixated on providing immediate returns for investors, there is a risk of compromising long-term creative endeavors. Instead of taking risks and exploring new storytelling techniques or pushing the boundaries of cinematic experiences, the priority may shift towards churning out content that guarantees a high viewership and subscription numbers.
While it's important for Disney to adapt to the changing landscape of the entertainment industry and remain competitive in the streaming era, it is equally crucial for them to uphold the tradition of innovation that has made them so successful. Striking a balance between satisfying investors and maintaining creative integrity is essential for Disney's long-term success.
Ultimately, only time will tell if Disney's success in streaming translates into a sacrifice of innovation in their filmed entertainment products. It is up to Disney to prioritize and invest in both financial success and creative innovation to continue captivating audiences and upholding their brand's reputation.
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