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.



Statham’s 'A Working Man’ Upsets ‘Snow White’ to Take No. 1 at Box Office

This image released by Amazon MGM Studios shows Jason Statham in a scene from "A Working Man." (Dan Smith/Amazon MGM Studios via AP)
This image released by Amazon MGM Studios shows Jason Statham in a scene from "A Working Man." (Dan Smith/Amazon MGM Studios via AP)
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Statham’s 'A Working Man’ Upsets ‘Snow White’ to Take No. 1 at Box Office

This image released by Amazon MGM Studios shows Jason Statham in a scene from "A Working Man." (Dan Smith/Amazon MGM Studios via AP)
This image released by Amazon MGM Studios shows Jason Statham in a scene from "A Working Man." (Dan Smith/Amazon MGM Studios via AP)

In an unexpected upset, the Jason Statham thriller “A Working Man” took No. 1 at the box office, besting the rapidly declining “Snow White,” according to studio estimates Sunday.

Even after a lackluster debut, the Walt Disney Co.’s live-action remake was predicted to remain the top film in US and Canadian theaters over the weekend. Instead, “Snow White,” plagued by bad buzz and backlash, nosedived in its second weekend and dropped 66%, The Associated Press reported.

At the same time, Amazon MGM Studios’ “A Working Man,” directed by David Ayer, beat expectations with a $15.2 million debut. Co-written by Sylvester Stallone, “A Working Man” reteams Statham and Ayer following last year’s successful “The Beekeeper” ($162 million worldwide). This time around, Statham plays a construction worker with an elite military past.

While reviews have been mixed and audiences only gave “A Working Man” a “B” CinemaScore, showing Statham has carved out something rare in the movie industry today: bankability. “A Working Man” opened similarly to “The Beekeeper,” which launched with $16.5 million.

The bigger headline, though, might have been the fast erosion of ticket buyers' appetite for “Snow White.” The film, directed by Marc Webb and starring Rachel Zegler, had been hoped to lift movie theaters after a painful start to 2025. Produced for more $250 million, the film has turned into a poisoned apple, with a two-week global haul of $143.1 million.

Next weekend, Warner Bros.’ “A Minecraft Movie,” is expected to win the weekend and will, like “Snow White,” target family audiences.

A trio of newcomers – A24’s “Death of a Unicorn,” Universal and Blumhouse’s “The Woman in the Yard,” and the Fathom’s “Chosen: The Last Supper” – also opened over the weekend, though none made a big impact.
“The Chosen: The Last Supper,” fared the best, with $11.5 million in 2,235 theaters. The Christian TV series, now in its fifth season, has regularly driven ticket sales before streaming. More episodes will roll out in theaters through April.
“Death of a Unicorn,” a horror comedy starring Jenna Ortega and Paul Rudd, portrays a father and daughter who hit a unicorn on the road while they're driving. The movie collected a modest $5.8 million from 3,050 theaters.
The weekend’s more straightforward horror contender, Blumhouse’s “The Woman in the Yard,” starring Danielle Deadwyler, debuted with $9.4 million from 2,842 cinemas. In “Black Adam” director Jaume Collet-Serra’s film, a mysterious woman keeps appearing in a family’s front yard. Though it cost little to make, with a production budget of $12 million, it has been slammed by critics.
One of the weekend’s biggest successes was the 1997 Studio Ghibli classic “Princess Mononoke." The Hayo Miyazaki film grossed $4 million across just 347 IMAX screens. Distributor GKids touted that result as a victory for humanity over technology. Earlier in the week, a new version of ChatGPT allowed users to render images in Studio Ghibli-like animation.
Sony Pictures Classic’s “The Penguin Lesson,” starring Steve Coogan and Jonathan Pryce, opened with $1.2 million at 1,017 theaters. Coogan plays an Englishman teaching in Argentina in 1976 who rescues a penguin from an oil spill.
With flagging ticket sales overall, Hollywood marked the first quarter of 2025 with a sizeable box-office deficit. Sales are down 11% from the same point in 2024, and nearly 40% from 2019, according to Comscore.
“Hopefully ‘Minecraft’ can help the marketplace level up since after some underwhelming weekends at the box office we need to get some momentum back at the multiplex,” said Paul Dergarabedian, senior media analyst for Comscore.