In fiscal 2026, Disney expects to spend $24 billion on content across entertainment and sports, up about $1 billion from $23 billion in FY25 (which ended Sept. 27). CFO Hugh Johnston expects the company’s total content budget to continue to grow, but he said it won’t be at the levels of recent years when Disney and others were “overproducing” original content.

The $24 billion content-spending forecast splits about half sports on the ESPN side of the house and half on entertainment, Johnston said, speaking Wednesday at the Wells Fargo Technology, Media, and Telecom Summit in Rancho Palos Verdes, California.

“I think that split will hold” going forward, although spending on entertainment “may grow a little faster than sports,” Johnston said. Disney plans to invest more in local content i

See Full Page