Disney Reportedly to Spend $5 Bln in Europe, UK on New Blockbusters

FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, US December 5, 2019.  REUTERS/Nick Pfosi/File Photo
FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, US December 5, 2019. REUTERS/Nick Pfosi/File Photo
TT
20

Disney Reportedly to Spend $5 Bln in Europe, UK on New Blockbusters

FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, US December 5, 2019.  REUTERS/Nick Pfosi/File Photo
FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, US December 5, 2019. REUTERS/Nick Pfosi/File Photo

Disney plans to spend at least $5 billion in the UK and continental Europe over the next five years to produce blockbuster movies and TV shows, Jan Koeppen, its president across Europe, the Middle East and Africa, told Financial Times on Friday.

The company will commit about $1 billion a year in the region over the next five years across films, Disney+, National Geographic and other TV productions, Koeppen told FT.

Disney's plans could build on the recent success of films like "Inside Out 2" and the company's television business.

"Inside Out 2" notched $1.6 billion in global ticket sales and "Deadpool & Wolverine," which debuted in the current quarter, has brought in more than $850 million.

"We feel like we're really on a roll again with movies, which is fantastic,” Koeppen told FT.

Disney didn't immediately respond to a Reuters request for comment
Koeppen's comments follow Disney forecasting a 'moderation in demand' at its theme park business in coming quarters, pulling shares down 1.1% on Wednesday.

Koeppen leads Disney's EMEA business commercially and operationally in over 130 markets across the region, according to the company's website. His responsibilities include handling Disney+, motion pictures, television, content licensing and local original productions, the website showed.



Film Academy Apologizes for Not Naming ‘No Other Land’ Co-director in Response to Attack on Him

Hamdan Ballal, Oscar-winning Palestinian director of "No Other Land," is released from a police station in the West Bank settlement of Kiryat Arba a day after being detained by the Israeli army following an attack by Jewish settlers, Tuesday, March 25, 2025. (AP)
Hamdan Ballal, Oscar-winning Palestinian director of "No Other Land," is released from a police station in the West Bank settlement of Kiryat Arba a day after being detained by the Israeli army following an attack by Jewish settlers, Tuesday, March 25, 2025. (AP)
TT
20

Film Academy Apologizes for Not Naming ‘No Other Land’ Co-director in Response to Attack on Him

Hamdan Ballal, Oscar-winning Palestinian director of "No Other Land," is released from a police station in the West Bank settlement of Kiryat Arba a day after being detained by the Israeli army following an attack by Jewish settlers, Tuesday, March 25, 2025. (AP)
Hamdan Ballal, Oscar-winning Palestinian director of "No Other Land," is released from a police station in the West Bank settlement of Kiryat Arba a day after being detained by the Israeli army following an attack by Jewish settlers, Tuesday, March 25, 2025. (AP)

After mounting criticism following its initial response to the violent attack on Oscar-winning "No Other Land" co-director Hamdan Ballal, the Academy of Motion Pictures Arts and Sciences apologized Friday for not acknowledging Ballal by name.

In a letter to academy members, academy CEO Bill Kramer and its president, Janet Yang, said they regretted not issuing a direct statement on Ballal. The director on Monday, witnesses said, was beaten by Israeli settlers in the West Bank and then detained by the Israeli military.

The attack, just weeks after Ballal and his fellow directors won best documentary at the Academy Awards, was widely condemned by numerous film organizations, among others. The academy on Wednesday released a statement condemning "harming or suppressing artists for their work or their viewpoints."

Yuval Abraham, a journalist and co-director of "No Other Land," was highly critical of that response, comparing it to "silence on Hamdan's assault."

On Friday, more than 600 of the academy's 11,000 members issued an open letter saying the academy's statement "fell far short of the sentiments this moment calls for." Among the signatories were Joaquin Phoenix, Olivia Colman, Riz Ahmed, Emma Thompson, Javier Bardem, Penélope Cruz and "The Zone of Interest" filmmaker Jonathan Glazer.

After a meeting Friday by the academy's board of governors, Kramer and Yang responded with a new statement.

"We sincerely apologize to Mr. Ballal and all artists who felt unsupported by our previous statement and want to make it clear that the academy condemns violence of this kind anywhere in the world," they wrote to members. "We abhor the suppression of free speech under any circumstances."

After being detained for more than 20 hours, Ballal was released by Israeli soldiers. Ballal and two other Palestinians were accused of throwing stones at a settler, allegations they deny. After being released, Ballal told The Associated Press a settler kicked his head "like a football" during an attack on his village.

"I realized they were attacking me specifically," Ballal said at a West Bank hospital after his release Tuesday. "When they say ‘Oscar’, you understand. When they say your name, you understand."

"No Other Land," a joint Israeli-Palestinian production, chronicles the situation in Masafer Yatta, which the Israeli military designated as a live-fire training zone in the 1980s and ordered the expulsion of the residents, mostly Arab Bedouin. Around 1,000 residents have largely remained in place, but soldiers regularly come in to demolish homes, tents, water tanks and olive orchards.

After not finding a US distributor despite wide acclaim, "No Other Land" was self-released in theaters. It still managed to surpass $2 million in North American theaters.