News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[JD80]

Meanwhile Comcast thanks Disney for buying out Hulu and helping fund their new theme park that will take guests away from
Disney parks.

Go Bob!

More likely that money goes against peacocks losses.

Then again corporate accounting doesn't really work that way.

 

[MisterPenguin]

Meanwhile Comcast thanks Disney for buying out Hulu and helping fund their new theme park that will take guests away from
Disney parks.

Go Bob!

Comcast should also thank Disney then, for permanently removing 33% of the profits from Hulu.

Thanks, Bob!!

 

[Sirwalterraleigh]

More likely that money goes against peacocks losses.

Then again corporate accounting doesn't really work that way.

You know what else loses money everyday?

Comcast should also thank Disney then, for permanently removing 33% of the profits from Hulu.

Thanks, Bob!!

33% of zero is still zero

 

[_caleb]

33% of zero is still zero

Hulu has been profitable since 2020 and brings in $2B/yr.

 

[Sirwalterraleigh]

Hulu has been profitable since 2020 and brings in $2B/yr.

Now that you say it…they do have a nice ad revenue stream from the live tv…interesting…

Still not enough to pay for a bathroom renovation at Epcot…but it is one of only 2 with its head above water.

 

[Dranth]

Roberts is looking at a $40B valuation. That nets comcast $13B. It’s an extra $5B Disney desperately doesn’t want to be forced to spend on Hulu.

This is all an exercise in PR and Disney trying to get ahead of the message and set expectations.

My money’s on Comcast getting their way, because they’re not run by morons.

Roberts has no say in the valuation, nor does Disney so morons or not is irrelevant. Third parties are determining the value and the 8.61B being mentioned is called out as the floor so the PR angle makes no sense.

 

[flynnibus]

Roberts has no say in the valuation, nor does Disney so morons or not is irrelevant. Third parties are determining the value and the 8.61B being mentioned is called out as the floor so the PR angle makes no sense.

It’s totally spin. They lead off with “Disney expects it will pay NBCU approximately $8.61 billion…”

They know damn well they aren’t going to get that valuation at all given the contested value and yet to be set appraisal. It’s almost just slipped in that the real value maybe more, and no mention of just how contested the valuation is.

It’s a bare minimum notice masquerading as a publicly piece by putting on a fake smile.

 

[Sirwalterraleigh]

Roberts has no say in the valuation, nor does Disney so morons or not is irrelevant. Third parties are determining the value and the 8.61B being mentioned is called out as the floor so the PR angle makes no sense.

Third parties won’t set the price…it’s all a negotiating ploy between two guys that don’t like each other.

Basically non-binding arbitration

Mono is right that Disney was using a tactic yesterday…as I believe Comcast did a month or so prior…

 

[Sirwalterraleigh]

It’s totally spin. They lead off with “Disney expects it will pay NBCU approximately $8.61 billion…”

They know damn well they aren’t going to get that valuation at all given the contested value and yet to be set appraisal. It’s almost just slipped in that the real value maybe more, and no mention of just how contested the valuation is.

It’s a bare minimum notice masquerading as a publicly piece by putting on a fake smile.

…I bet a forthcoming quarter call and a $&!@ stock price has nothing to do with any of this either…

 

[Tha Realest]

Third parties won’t set the price…it’s all a negotiating ploy between two guys that don’t like each other.

Basically non-binding arbitration

Mono is right that Disney was using a tactic yesterday…as I believe Comcast did a month or so prior…

It’s complete spin. I wonder though, who are they talking to? I can’t imagine the arbitrators are influenced like this. And if the actual number comes out to be many billions more, it seems they are setting themselves (and their stockholders) for a public disappointment

 

[Dranth]

It’s totally spin. They lead off with “Disney expects it will pay NBCU approximately $8.61 billion…”

They know damn well they aren’t going to get that valuation at all given the contested value and yet to be set appraisal. It’s almost just slipped in that the real value maybe more, and no mention of just how contested the valuation is.

It’s a bare minimum notice masquerading as a publicly piece by putting on a fake smile.

Disney itself said 8.61 was the minimum it would end up paying based on the agreement so I am not sure how that is spinning anything. That is just factual.

 

[HauntedPirate]

Disney itself said 8.61 was the minimum it would end up paying based on the agreement so I am not sure how that is spinning anything. That is just factual.

The wording suggests they will pay $8.61:

"Under the terms of the put/call arrangement, by December 1, Disney expects it will pay NBCU approximately $8.61 billion, representing NBCU’s percentage of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019 minus the anticipated outstanding capital call contributions payable by NBCU to Disney."

The rest is just CYA. They put that number out there for a specific purpose.

 

[Dranth]

Third parties won’t set the price…it’s all a negotiating ploy between two guys that don’t like each other.

Basically non-binding arbitration

Mono is right that Disney was using a tactic yesterday…as I believe Comcast did a month or so prior…

They are literally both picking third party financial institutions to come up with evaluations independently and averaging the two. If those are far enough apart a third one is selected that both Disney and Universal agree on. How do you get from the actual setup here to "basically non-binding arbitration"?

As for what was reported, the 8.61 is being reported as the MINIMUM amount that was guaranteed based on the original agreement. Not one article or quote I have read has said that is what they will pay, just that it can't be lower than that.

I'm not even saying we won't or haven't seen spin from both, just that this current reporting of "this is what they agreed on in the original contract" isn't it.

 

[Dranth]

The wording suggests they will pay $8.61:

"Under the terms of the put/call arrangement, by December 1, Disney expects it will pay NBCU approximately $8.61 billion, representing NBCU’s percentage of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019 minus the anticipated outstanding capital call contributions payable by NBCU to Disney."

The rest is just CYA. They put that number out there for a specific purpose.

Now if Disney said they are only going to pay 8.61 then I agree, that is spin. I have not seen it attributed that way in any of the articles I have read on it yet. All the ones I have seen include that the number is based on the 2019 agreement minimum.

 

[Sirwalterraleigh]

They are literally both picking third party financial institutions to come up with evaluations independently and averaging the two. If those are far enough apart a third one is selected that both Disney and Universal agree on. How do you get from the actual setup here to "basically non-binding arbitration"?

As for what was reported, the 8.61 is being reported as the MINIMUM amount that was guaranteed based on the original agreement. Not one article or quote I have read has said that is what they will pay, just that it can't be lower than that.

I'm not even saying we won't or haven't seen spin from both, just that this current reporting of "this is what they agreed on in the original contract" isn't it.

Because it’s not contractual…it’s non-binding

Comcast: $22 bil
Disney: $5 bil
Comcast: okay…we’ll take $13.5…you “win”
Disney: but…but…I can’t do that! My sweater is choking off the oxygen to my 73 year old brain!!

Ahhhhhhhhhhhh!

 

[Sirwalterraleigh]

Now if Disney said they are only going to pay 8.61 then I agree, that is spin. I have not seen it attributed that way in any of the articles I have read on it yet. All the ones I have seen include that the number is based on the 2019 agreement minimum.

That’s exactly what they did…and if we yucks around here can see through it…bet they can in the boardroom as well

 

[flynnibus]

Disney itself said 8.61 was the minimum it would end up paying based on the agreement so I am not sure how that is spinning anything. That is just factual.

No - it said they expect to pay 8.61 - the exact text i quoted…. Then later add “oh it could be more”… they know they are going to pay a ton more. If they actually said ‘minimium’ in the line i quoted you’d have a case… but they didn’t.

 

[Sirwalterraleigh]

Disney itself said 8.61 was the minimum it would end up paying based on the agreement so I am not sure how that is spinning anything. That is just factual.

…stock is down $100 in 2 years and Bob promised to deliver a dividend that cannot be justified (none can actually…but it’s how the game is played)…that’s why backing themselves into a corner on cost is stupid.

Iger is making mistakes more than he eats meals…up his darvocet

 

[HauntedPirate]

Now if Disney said they are only going to pay 8.61 then I agree, that is spin. I have not seen it attributed that way in any of the articles I have read on it yet. All the ones I have seen include that the number is based on the 2019 agreement minimum.

"Disney expects to pay...". "Disney expects to pay...". The part where they could pay more is always buried about 8 paragraphs deep.

 

[Sirwalterraleigh]

View attachment 752267

Key line “part of”…

Maybe Disney will throw another bil in for the IOA marvel license?
…so they can NOT build marvel stuff at wdw anyway