News Bob Iger is back! Chapek is out!!

[UNCgolf]

Regardless of feelings on Iger, Peltz/Perlmutter having control of Disney would likely not be a good outcome for fans of the parks and Disney as a whole.

 

[CaptainMickey]

Here's that press release -

Press Releases | Trian Partners

Keep updated with the latest press releases from Trian Partners which is headquartered in New York, NY, has approximately 50 employees.

restorethemagic.com

One of Trian's complaints of Disney per the press release is:
"Overearning in the Parks business to subsidize streaming losses"

 

[Slpy3270]

One of Trian's complaints of Disney per the press release is:
"Overearning in the Parks business to subsidize streaming losses"

Those parks revenue is what's keeping Disney from going the WBD route and writing off content for tax breaks at the expense of relationships with creatives.

But Peltz sees that as a "successful" business strategy.

 

[Disney Analyst]

Get Peltz away from this place.

 

[Sirwalterraleigh]

I remember it being pretty scary with Comcast aggressively trying to Buy Disney in 2005. They later settled purchasing NBC/Universal.

Not to go tinfoil…but that reeked of Roy

It just fit his narrative too well at the time

 

[Sirwalterraleigh]

One of Trian's complaints of Disney per the press release is:
"Overearning in the Parks business to subsidize streaming losses"

The unsaid part is what is important

“And overtaxing the parks business…which would be catastrophic to the overall portfolio if P&R slows down”

 

[Slpy3270]

Get Peltz away from this place.

Only if he loses the shareholder election in March. Even then he'll keep demanding cost cuts as long as he doesn't dump his shares.

 

[Sirwalterraleigh]

Its looking like Comcast made the right move...

Assuming activists there don't force Brian Roberts to spin NBCUni off, of which calls have been growing for the last year or so.

Comcast will always have huge problems…because it’s Comcast…

But as far as roberts vs Iger?

They have dominated the battle the last few years.

 

[Sirwalterraleigh]

Only if he loses the shareholder election in March. Even then he'll keep demanding cost cuts as long as he doesn't dump his shares.

Probably a lot of aggressive buying for leverage until then

 

[_caleb]

Sounds like Peltz doesn’t like streaming and never got on board with the whole “profitable by 2024” strategy for Disney+.

 

[Slpy3270]

Sounds like Peltz doesn’t like streaming and never got on board with the whole “profitable by 2024” strategy for Disney+.

If that were the case he wouldn't have been an initial supporter of spinning off ESPN/ABC.

This is all about him pushing for job cuts and content write-offs so that the company can be sold.

 

[Sirwalterraleigh]

Sounds like Peltz doesn’t like streaming and never got on board with the whole “profitable by 2024” strategy for Disney+.

Well it turns out…that’s fantasy and he’s right

 

[Slpy3270]

I don't know if the stock pop is related to Mark Parker's hiring or Peltz (or both) but I kinda wonder if Iger is going to take the rise to his advantage by doing a stock-split to consolidate his power further.

 

[Jrb1979]

Ever since Covid it feels like it has been one disaster after another. Starting with Genie+ and reservations to this.

 

[Disney Analyst]

So is Peltz goal to break up and sell Disney bit by bit? What is his... ultimate?

 

[GhostHost1000]

Ever since Covid it feels like it has been one disaster after another. Starting with Genie+ and reservations to this.

Exactly right


All of this is going to get…interesting.


Let’s hope whatever happens, the parks get some attention, expansion, and more magic back without more bad decisions

 

[Sirwalterraleigh]

I don't see how he could be successful. He would need other stock holders to jump on board with him and I am not sure he is going to get that. Well, at least not until Iger has a chance to layout his plan.

That’s just it.

First…stockholders are grumpy because of those false Covid stock prices and no dividends
Second…most Disney shares are institutional investors. Even if they’re “conservative”…they only care about return.

A lot more to come on this. Gonna be interesting

And the real problem with iger’s “plan” is we’ve already seen it. They’re blaming chapek for it. But the timeline doesn’t correlate.
Overpromising on plus? Iger
Creating “false demand” in parks to exploit by sacrificing capacity? Iger
Boning some IP Due to hubris and exploiting the rest longterm? Iger
Going away from creativity and trying to present yourself as a “speculative” enterprise to Wall Street? Iger

 

[GhostHost1000]

That’s just it.

First…stockholders are grumpy because of those false Covid stock prices and no dividends
Second…most Disney shares are institutional investors. Even if they’re “conservative”…they only care about return.

A lot more to come on this. Gonna be interesting

Just hope things benefit the parks long term. But…as you said, this will be interesting to watch.

 

[JoeCamel]

I don't know if the stock pop is related to Mark Parker's hiring or Peltz (or both) but I kinda wonder if Iger is going to take the rise to his advantage by doing a stock-split to consolidate his power further.

No way with the stock down as much as it is, This is not a serious challenge but it makes the wires. If it pushes the stock up 20% on takeover rumors I'm good and gone.

 

[Sirwalterraleigh]

Just hope things benefit the parks long term. But…as you said, this will be interesting to watch.

I don’t want to go down this well

(Yes…that should scare the hell out of everyone)