Sure, "The Lone Ranger" tanked.
"It's our decision to make tent pole films. We don't necessarily have to, but we think it's for the most part a wise bet for this company," Iger said.
Iger cited a crowded marketplace as one reason the company wants to stick to investing in big movies. He said those movies have "a better shot, for the most part, of rising above the din and attracting an audience [that] is significant."
When the big movies succeed, they pay off in other ways.
"We can leverage that success across so many businesses," Iger said. "Our theme park is one great example, but certainly our consumer products business and television and games and publishing and so on. So, we don't second-guess out tent pole strategy at all. From time to time, we have disappointing results. 'The Lone Ranger' is certainly one of those, but we aren't going to alter our strategy."
Disney has said that "The Lone Ranger could lose $160 million to $190 million.
Iger had happier points to make about Disney Channel and the hit movie "Teen Beach Movie." Iger noted that Disney has more than 100 Disney Channels around the world.
"We also create things like 'Teen Beach Movie,' which is in a way akin to what we did with the great 'High School Musical' franchise that was created a few ago," Iger said. "These are made-for-television movies essentially, but they kind of transcend that form, that art form because they become not only so popular, but quickly a part of a culture. And we're pretty excited about the results from 'Teen Beach Movie,' our second highest-rated Disney Channel film of all time."
Who wants to dwell on "The Lone Ranger" when you can talk about the enduring appeal of Mickey Mouse?
"We aim to continue to keep Mickey front and center and as popular and as beloved" as when Walt Disney created him in 1928, Iger said. "We've gone to some of our great animation artists, this case in Disney Television, and we gave them a crack at portraying Mickey in new ways, slightly different artistically and some new worlds. And telling stories that are short form, because today short form is really short. And we're putting them out, we're making 20 originals I believe, and we're putting them out both online and on the Disney Channel and they have already become incredibly popular."