Disney CEO Bob Iger announced that the company will slow down its production of movies and TV series for Marvel Studios and Lucasfilm franchises due to underwhelming box office performances. The decision is part of a cost-cutting initiative, with $3 billion being slashed from content production. The focus will now shift towards Disney's streaming service, Disney+, which has been a priority for the company. Iger acknowledged that the increased output of Marvel content, including TV series, had diluted focus and attention. The article also mentions the decline in ticket sales for "Ant-Man and the Wasp: Quantumania" and the success of "Guardians of the Galaxy Vol. 3" and Lucasfilm's revenue contribution to Disney. There is a possibility that Disney may license its content to other streaming platforms.

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