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
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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.



Spain Public Broadcaster Calls for ‘Debate’ over Israel’s Eurovision Participation

Yuval Raphael. (AP)
Yuval Raphael. (AP)
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Spain Public Broadcaster Calls for ‘Debate’ over Israel’s Eurovision Participation

Yuval Raphael. (AP)
Yuval Raphael. (AP)

Spain's public broadcaster said on Friday it has called for a "debate" over Israel's participation in this year's Eurovision Song Contest in Switzerland due to "concerns" over the situation in war-torn Gaza.

RTVE has sent a letter to the European Broadcasting Union (EBU), which manages the event, "requesting a debate on the participation of Israeli public television (KAN)" in the contest, the Spanish public broadcaster said in a statement.

The Swiss city of Basel will host the glitzy annual extravaganza -- one of the world's biggest live television events which involves countries from Europe to Australia -- at the St. Jakobshalle indoor arena, with the semi-finals on May 13 and 15, and the final on May 17.

Public broadcasters of participating nations select the candidate which will represent them, so the absence of KAN would mean there is no Israeli performer at this year's event.

RTVE said it "reiterates its support" for Eurovision "but also acknowledges the concerns that the situation in Gaza and the participation of KAN public television are raising within Spanish civil society".

"It would be appropriate for the EBU to recognize the existence of this debate and provide a forum for discussion between EBU member broadcasters on the participation of Israeli public television," the statement added.

- October 7 survivor -

Thousands protested at last year's contest in the Swedish city of Malmo against Israel's participation against the backdrop of the war between Israel and Hamas in Gaza.

Israeli competitor Eden Golan had to change her lyrics over their apparent references to the deadly Hamas attack against Israel on October 7, 2023, which sparked the war.

A survivor of that attack will represent Israel in Basel.

When Hamas gunmen killed more than 370 people at the Nova music festival, Yuval Raphael survived by hiding under a pile of bodies. She said she would be ready to face the kind of hostility Golan did.

Finland's public broadcaster Yle received two petitions last month demanding it push for Israel to be banned from the contest due to the war in Gaza.

One was signed by more than 500 music and culture industry professionals, while a public petition was signed by over 10,000 people.

Israel has won the contest four times, most recently in Lisbon in 2018.

On October 7, 2023, Palestinian gunmen launched a cross-border attack in Israel that resulted in the deaths of more than 1,200 people, mostly civilians, and the capture of 251 hostages, according to Israeli figures.

Israel's ensuing bombardment and ground offensive in Gaza has killed nearly 51,000 people in the territory, according to the health ministry in Hamas-run Gaza. The UN has deemed its figures generally reliable.