TWDC 2QFY16 Earnings Call Thread

[PhotoDave219]

Shanghai......

Opens June 16. Bob was there last week. Trial operations have begun. Initial feedback has been absolutely phenomenal. Pimping the Pirate Land (based on the box office films), the tron light cycles and the manderin production of The lion king....

authentically disney and distinctly chinese.

 

[Disney Analyst]

Ooh, fun first question.

 

[PhotoDave219]

Question on Tom's Resignation right off the bat & CEO succession plans....

tom was a valued colugue and a friend and sorry what came to pass but not much more to say about that. I have only 2 years left. the board is very active in sucession process. it believes it have ample time to identify a sucessor. No plans to extend beyond june 2018 (from bob)


boy do i have typos.....

 

[Andrew C]

JP Morgan...blah...

 

[PhotoDave219]

Parks Biz Q from JP Morgan.

What do you see as the biggest profit contrib/profit growth in P&R

Gonna take some time for shanghai for start up costs, optimistic outlook about park and market there. Like steps in terms of pricing.

Changing our pricing view to essentially raise revenue and to moderate attendance..... (someone grab the transcript, i cant type this fast)

Talking Star Wars land, avatar, and lots of growth potential....

 

[Andrew C]

"pricing adjustments sometimes at the expense of attendance"...did I hear that properly?

 

[PhotoDave219]

"pricing adjustments sometimes at the expense of attendance"...did I hear that properly?

Yes you did, thank you for typing it better trhan i could....

 

[PhotoDave219]

Bob talking about not looking at the business as a quarterly business.

Its a kind of business that is very difficult to measure on a bottom line quarterly basis. (!!!?!?!!?)

 

[PhotoDave219]

Lots of discussion on Hulu. (No hoop was mentioned)

 

[mightynine]

Bob talking about not looking at the business as a quarterly business.

Its a kind of business that is very difficult to measure on a bottom line quarterly basis. (!!!?!?!!?)

Trying to change the narrative?

 

[PhotoDave219]

Trying to change the narrative?

I'm shocked as hell. And he sounds like he has zero intentions of remaining on as CEO past 2018

 

[MichWolv]

Bob talking about not looking at the business as a quarterly business.

Its a kind of business that is very difficult to measure on a bottom line quarterly basis. (!!!?!?!!?)

True of most businesses that require significant capital investment. That's a line that sounds insightful perhaps, but isn't.

 

[Andrew C]

Trying to change the narrative?

he cited some example as to why the business shouldn't necessarily be looked at on a quarterly basis...and that "it isn't how we run the business"...need to take a look at the transcript.

 

[PhotoDave219]

Talking Dynamic Pricing on Shanghai....

For Peak vs Off Peak days. $20 difference. ($76/$56) Reaction quite positive on tickets, hotel and lion king show. Lion King show is a separate ticket.

No negative reactions to the pricing approiach

 

[GhostHost1000]

So wdw attendance is down from the same time last year - gee let's look at all that has gone on

Price increases
Budget cuts
Failed attraction openings
Water park closures due to issues
More price increases
Rinse and repeat

Sounds like a magical place to visit

 

[Andrew C]

So wdw attendance is down from the same time last year - gee let's look at all that has gone on

Price increases
Budget cuts
Failed attraction openings
Water park closures due to issues
More price increases
Rinse and repeat

Sounds like a magical place to visit

according to Bob, it seems like it is their strategy to moderate attendance moving forward...so I assume a drop isn't a surprise...

 

[PhotoDave219]

No comment on wanting to make an investment in MLBAM.

 

[GhostHost1000]

I can't help but laugh over this.

Someone tell the execs there is a ton of work that needs to happen in Orlando and more guests usually means more spending and revenue

 

[TalkingHead]

according to Bob, it seems like it is their strategy to moderate attendance moving forward...so I assume a drop isn't a surprise...

Keep raising prices and it's inevitable.

Don't even need a business degree to understand that.

 

[Andrew C]

Keep raising prices and it's inevitable.

Don't even need a business degree to understand that.

based on his comments...it is intentional..