This quarter, Disney aims to spend more than $1 billion on Disney Media and Entertainment Distribution (DMED) programs, compared to the same period last year.
During Disney's fiscal Q1 2022 earnings call on Wednesday, CFO Christine McCarthy said the firm aims to increase spending on direct-to-consumer programming by between $800 million and $1 billion compared to the equivalent fiscal 2021 quarter. Content spending on linear networks is likely to increase by about $500 million.
On the results call, CEO Bob Chapek said, "It's all about content, content, content." This came after Disney announced that Disney Plus would have roughly 130 million customers by the end of 2021.
Disney Plus has met its target of releasing one new title per week, according to Chapek, and plans to treble its content output overall. Disney will consider boosting the price of Disney Plus once it meets its new content target in fiscal year 2023, he told analysts.
