CaptainAmerica
Premium Member
They used to love money more than they cared about being ideological culture warriors. Now every CHRO has her CEO's cajones locked in a drawer somewhere.
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Disney’s Q2 FY23 Earnings Results Webcast
- Thread starter DCBaker
- Start date
Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued
Wall Street analysts have faith in CEO Bob Iger, and in the company's long term prospects.
deadline.com
Wall Street analysts trimmed some estimates today but were largely supportive, expressing confidence in the media giant’s ability under CEO Bob Iger to work through key issues.
“Despite all the massive investments and losses in DTC and the continuing collapse of linear networks, the long-term profit picture should be brighter than the market knows and thus we think the stock is undervalued,” said MoffettNathanson in a note today. “The issue for Disney’s stock, at this point in time, is that there is no map or GPS to get us to that special place.” The firm has an “outperform” rating and a $127 price target on the stock, which is trading at just under $93 midday.
Disney lost some streaming subscribers last quarter, but narrowed DTC losses. Parks, especially internationally, are rebounding although consumer products aren’t. Linear television continues to decline, the cost of sports rights to rise. Iger indicated that the best resolution for Hulu would be Disney buying out Comcast — an expensive proposition. “As the Hulu negotiations with Comcast are still looming, we believe it would be unwise for Disney to start talking up 2025 streaming profitability ahead of that closure. As a result, any commentary about cost savings and revenue synergies that would arise from uniting Hulu and Disney+ globally will have to wait until this tug of war is resolved,” MoffettNathanson said. The Disney and Comcast put/call contract for Hulu expires in 2024.
...Meanwhile, Iger’s priorities, according to BofA’s Jessica Reif Erlich, are focused on rationalizing content spend to improve ROI (return on investment), raising prices of ad-free Disney+ and launching it internationally, and making Hulu available within Disney+ streaming by year-end in a new app. She’s on board, with has a “buy” on Disney and a $135 price target.
...“We believe Disney has the essential assets to successfully transition to streaming, but it’s a multi-faceted effort,” wrote Macquarie Capital’s Tim Nollen. He has an “outperform” rating and 12-month target of $125. “The messaging was positive, but the current situation is mixed.”
Well either it’s ideology or they are completely out of touch with the public at large and are therefore irrelevant.
You choose.
BlakeW39
Well-Known Member
Enlighten me.
WaltsTreasureChest
Well-Known Member
Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued
Wall Street analysts have faith in CEO Bob Iger, and in the company's long term prospects.Wall Street analysts trimmed some estimates today but were largely supportive, expressing confidence in the media giant’s ability under CEO Bob Iger to work through key issues.“Despite all the massive investments and losses in DTC and the continuing collapse of linear networks, the long-term profit picture should be brighter than the market knows and thus we think the stock is undervalued,” said MoffettNathanson in a note today. “The issue for Disney’s stock, at this point in time, is that there is no map or GPS to get us to that special place.” The firm has an “outperform” rating and a $127 price target on the stock, which is trading at just under $93 midday. Disney lost some streaming subscribers last quarter, but narrowed DTC losses. Parks, especially internationally, are rebounding although consumer products aren’t. Linear television continues to decline, the cost of sports rights to rise. Iger indicated that the best resolution for Hulu would be Disney buying out Comcast — an expensive proposition. “As the Hulu negotiations with Comcast are still looming, we believe it would be unwise for Disney to start talking up 2025 streaming profitability ahead of that closure. As a result, any commentary about cost savings and revenue synergies that would arise from uniting Hulu and Disney+ globally will have to wait until this tug of war is resolved,” MoffettNathanson said. The Disney and Comcast put/call contract for Hulu expires in 2024....Meanwhile, Iger’s priorities, according to BofA’s Jessica Reif Erlich, are focused on rationalizing content spend to improve ROI (return on investment), raising prices of ad-free Disney+ and launching it internationally, and making Hulu available within Disney+ streaming by year-end in a new app. She’s on board, with has a “buy” on Disney and a $135 price target....“We believe Disney has the essential assets to successfully transition to streaming, but it’s a multi-faceted effort,” wrote Macquarie Capital’s Tim Nollen. He has an “outperform” rating and 12-month target of $125. “The messaging was positive, but the current situation is mixed.”
TalkingHead
Well-Known Member
Zaslav appeared on stage at the TCM Film Festival alongside Paul Thomas Anderson and Spielberg, and said some insightful things about the importance of the American film industry, historically and culturally.
Now, I know CEOs play a role publicly, and WB owns TCM, yada yada, but what he said demonstrated more understanding about the value of movies and entertainment than anything I’ve ever heard from Iger. He has never convinced me he “gets” the company’s history or the value of the brand (gross concept but seems to be the only way he thinks).
I’d like to believe Iger is just the wrong guy who was in the right place at the right time, and the next person will be better. They can’t be worse.
At least your able to admit the stock fell.Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued
Wall Street analysts have faith in CEO Bob Iger, and in the company's long term prospects.Wall Street analysts trimmed some estimates today but were largely supportive, expressing confidence in the media giant’s ability under CEO Bob Iger to work through key issues.“Despite all the massive investments and losses in DTC and the continuing collapse of linear networks, the long-term profit picture should be brighter than the market knows and thus we think the stock is undervalued,” said MoffettNathanson in a note today. “The issue for Disney’s stock, at this point in time, is that there is no map or GPS to get us to that special place.” The firm has an “outperform” rating and a $127 price target on the stock, which is trading at just under $93 midday. Disney lost some streaming subscribers last quarter, but narrowed DTC losses. Parks, especially internationally, are rebounding although consumer products aren’t. Linear television continues to decline, the cost of sports rights to rise. Iger indicated that the best resolution for Hulu would be Disney buying out Comcast — an expensive proposition. “As the Hulu negotiations with Comcast are still looming, we believe it would be unwise for Disney to start talking up 2025 streaming profitability ahead of that closure. As a result, any commentary about cost savings and revenue synergies that would arise from uniting Hulu and Disney+ globally will have to wait until this tug of war is resolved,” MoffettNathanson said. The Disney and Comcast put/call contract for Hulu expires in 2024....Meanwhile, Iger’s priorities, according to BofA’s Jessica Reif Erlich, are focused on rationalizing content spend to improve ROI (return on investment), raising prices of ad-free Disney+ and launching it internationally, and making Hulu available within Disney+ streaming by year-end in a new app. She’s on board, with has a “buy” on Disney and a $135 price target....“We believe Disney has the essential assets to successfully transition to streaming, but it’s a multi-faceted effort,” wrote Macquarie Capital’s Tim Nollen. He has an “outperform” rating and 12-month target of $125. “The messaging was positive, but the current situation is mixed.”
Baby steps.
Casper Gutman
Well-Known Member
If every media company eliminates minority representation like its 1931, what do you think happens next? Do you think everyone just shrugs their shoulders and goes, "welp, time to accept marginalization?"
Sir_Cliff
Well-Known Member
I feel like very recently we had proof that they can be.
Casper Gutman
Well-Known Member
Are you MAD??? Zaslav is a nightmare. Putting aside the Batgirl mess, he's erasing huge amounts of shows for small financial gains... and it is erasing, because many of the shows he's pulling from HBOMax and burying have no physical media release, so they can now only be viewed illegally. He's absolutely AWFUL to creators, significantly worse then the other studios. He's steering even harder then Disney into a sole focus on exploiting a very narrow number of IPs like Game of Thrones and Lord of the Rings (which doesn't lend itself to that kind of exploitation). His view of what's marketable is so narrow, he isn't particularly interested in any DC characters beyond Superman, Batman, and Wonder Woman. He is the WORST caricature of a modern entertainment CEO imaginable.
doctornick
Well-Known Member
Question: did they mention anything about the dividend yesterday? Is that still planned?
Casper Gutman
Well-Known Member
Or maybe, as beloved as Mario is, the film is shallow and unimaginative as a film? I enjoy watching the Despicable Me movies, but they aren't GOOD - they're poorly structured and not particularly well written or animated.
You're confusing popularity with quality here. Fast & Furious 9 is NOT a better film then Everything Everywhere All at Once despite making a lot more money and its not a critics job to pretend it is.
Figgy1
Well-Known Member
I don't mean to be rude but what does that mean?
Casper Gutman
Well-Known Member
Oh, an added note on Zaslav - his first love is reality TV (no pesky creatives) and his favorite franchise, the one he's most eager to continue to build into a powerhouse "universe," is the execrable 90 Day Fiance. Iger is Disney in comparison.
PS: He's remaking the Harry Potter movies! Just straight remakes! His awfulness is bottomless.
PS: He's remaking the Harry Potter movies! Just straight remakes! His awfulness is bottomless.
It means I hope the next CEO is black.
I think they can bring a voice to the company that is not fully heard.
Is that a problem?
CaptainAmerica
Premium Member
I don't believe that "return to focusing on quality storytelling" means "return to everything being run by white men" and it's pretty offensive that you seem to.
Give me more Princess and the Frog, more Ryan Coogler, more Reservation Dogs, more The Bear. Less She-Hulk, less Strange World, less Turning Red, less Leslye Headland.
Don't worry, Trauma spends $15000 in the parks every year. They are very important and can say what they want.
SamusAranX
Well-Known Member
Does EVERY thread have to devolve into politics now? 