The WarnerMedia/Discovery merger should have no effect on Disney’s business strategies, a bullish Disney CEO Bob Chapek said during a virtual question-and-answer session at the J.P. Morgan Global Technology, Media and Communications Conference on Monday.
Chapek said Disney is enjoying a competitive position as pandemic restrictions begin to soften, and allow the reopening of both movie theaters and theme parks hit hard in the last year. Despite the major revenue hit, Chapek pointed to the success of its streaming service Disney+ hitting 100 million subscribers worldwide. “We are pretty happy with the template that we have, the strategy that we have, and we don’t think this really changes much at all,” the executive said.