Georgia's Republican governor Brian Kemp signed the legislation earlier this month.
Iger added that if the law takes effect, which is slated for January 1 if it survives a court challenge, he said, "I don't see how it's practical for us to continue to shoot there".
He continued, "Right now we're watching it very carefully, there's some speculation it could be enacted sometime after the first of the year".
"I rather doubt we will", Iger said in an interview ahead of the dedication for a new Star Wars section at Disneyland.
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Netflix boss Ted Sarandos said earlier this week that the streaming giant behind shows like Stranger Things and Ozark would "rethink" its operations in Georgia if the abortion law takes effect. Disney has shot a few high-profile films in the state recently, including Black Panther as well as Avengers: Endgame. The law bans abortion once a fetal heartbeat is detected, except in the case of rape or incest.
"I realize that some may challenge it in a court of law".
Georgia has become a major production hub in the past decade by offering 20% in tax credits.
Reed Morano's Amazon series "The Power" and a new comedy from actress Kristen Wiig will have their productions relocated out of Georgia, too, according to The Hollywood Reporter, noting, "Producers including David Simon, Christine Vachon, Mark Duplass, Neal Dodson and Nina Jacobson and Brad Simpson have also said they will steer clear of the state for future productions".
The Motion Picture Association of America says film and television production in Georgia supports more than 92,000 jobs.