Aug 9 (Reuters) - Disney ( DIS ) 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 ( DIS ) 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 ( DIS ) didn't immediately respond to a Reuters request for
comment
Koeppen's comments follow Disney ( DIS ) forecasting a 'moderation
in demand' at its theme park business in coming quarters,
pulling shares down 1.1% on Wednesday.
Koeppen leads Disney's ( DIS ) 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.
(Reporting by Kanjyik Ghosh; Editing by Janane Venkatraman
)