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.



New York Film Festival Sets Main Slate with Movies by Pedro Almodovar, Sean Baker and Mati Diop

Pedro Almodovar. (AFP/Getty Images)
Pedro Almodovar. (AFP/Getty Images)
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New York Film Festival Sets Main Slate with Movies by Pedro Almodovar, Sean Baker and Mati Diop

Pedro Almodovar. (AFP/Getty Images)
Pedro Almodovar. (AFP/Getty Images)

The New York Film Festival on Tuesday unveiled the main slate for its 62nd edition, with selections including Sean Baker's Palme d'Or-winning "Anora," Pedro Almodovar's "The Room Next Door" and Mati Diop's "Dahomey."

Thirty-three features will make up the central lineup of the annual festival presented by Film at Lincoln Center. The main slate is particularly international this year, with films hailing from 24 countries, and including 19 directors making their debut in the festival's most prestigious section.

The festival, as previously announced, will kick off Sept. 27 with RaMell Ross' "Nickel Boys," an adaptation of Colson Whitehead’s Pulitzer Prize-winning 2019 novel. Almodovar, making his 15th appearance in New York's main slate, will present "The Room Next Door," starring Julianne Moore and Tilda Swinton, as the festival centerpiece. Steve McQueen's "Blitz," about the bombing of London in World War II, will be the closing night film.

A number of prize-winners from May's Cannes Film Festival will be making their US or North American premieres. Along with "Anora," that includes "Grand Tour," by Miguel Gomes, winner of Cannes' best director; Payal Kapadia's "All We Imagine as Light," winner of the Grand Prix; Rungano Nyoni's "On Becoming a Guinea Fowl," a standout from Un Certain Regard; and "The Seed of the Sacred Fig," from the dissident Iranian filmmaker Mohammad Rasoulof, who fled his home country to unveil his film.

"The festival’s ambition is to reflect the state of cinema in a given year, which often means also reflecting the state of the world," said Dennis Lim, the festival's artistic director, in a statement.

"The most notable thing about the films in the main slate — and in the other sections that we will announce in the coming weeks — is the degree to which they emphasize cinema’s relationship to reality. They are reminders that, in the hands of its most vital practitioners, film has the capacity to reckon with, intervene in, and reimagine the world."

Also are tap are Paul Schrader's "Oh, Canada," with Richard Gere and Jacob Elordi, Chinese filmmaker Jia Zhangke's "Caught by the Tides" and David Cronenberg's "The Shrouds," as well as a pair of highlights from Cannes sidebars: Roberto Minervini's American Civil War drama "The Damned" and Carson Lund's baseball elegy "Eephus."

Also coming to New York: Mike Leigh's "Hard Truths," Brady Corbet's "The Brutalist," starring Adrien Brody as an architect and Holocaust survivor, and the world premiere of Julia Loktev’s "My Undesirable Friends: Part I — Last Air in Moscow," a documentary about independent journalism in Putin’s Russia.

Two filmmakers have a pair of films in the main slate. Both "By the Stream" and "A Traveler's Needs" from the South Korean director Hong Sangsoo will debut at the festival, while the Chinese documentarian Wang Bing will present the second and third entries in his "Youth" trilogy: "Youth (Hard Times") and "Youth ("Homecoming").

The New York Film Festival, running Sept. 27 to Oct. 14, takes place at Lincoln Center and a handful of other venues around the city.