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Disney will spend $33 billion on content in 2022

Disney will spend $33 billion on content in 2022

The Walt Disney Co. plans to expand its total content spending to $33 billion for its fiscal year of 2022, which began on Oct. 1. The company's previous year and forecast for the coming year were revealed in its annual report on Wednesday, filed to the Securities and Exchange Commission.

The total includes content sports rights and other content for ESPN, ESPN Plus and others. The $33 billion figure is an estimated increase of 8 billion to the company's fiscal 2021 spending, which reportedly tallied up to $25 billion.

The massive spending strategy outlines how Disney is approaching direct-to-consumer content as a priority, expanding its investment in streaming with enticing urgency.

Disney plans on producing 50 films and TV series in the fiscal year. This includes films, episodic and filmmaking.

The company is stepping up content production to feed Disney Plus, Hulu and other platforms. The general entertainment unit estimates it will produce 60 unscripted series, 30 comedy series and 25 drama series; 15 docuseries and limited series. 10 animated movies, five made-for-TV movies; and numerous shorts, specials.