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That isn’t what happened here. They posted almost $5 billion in accounting revenue related to their purchase of Fox. They did this because now they can take the almost $5 billion in accounting cost related to the purchase of Fox off the books. Neither are real cost or real revenue.

They weren’t lying and they aren’t working angles. They are following accounting rules. That is why they give you the continuing operations number that tells you the actual performance of the company. They lost money and aren’t trying to hide the fact they lost money. It isn’t their fault...

It is amazing the amount of people that actually think Disney eked out a profit. Disney isn’t even trying to pass that off as a story. The way accounting rules work meant the my posted paper revenue this quarter, just as in previous quarters they had to post paper costs. Neither are real...

I don’t remember that exact quote, but he made a statement that it is going to take a return in consumer confidence in addition to getting past COVID for the parks & resorts to get back to their former performance. That is a statement that while this all may have started with COVID the problems...

Chapek was more honest than 99% of CEO's in this call. It was actually refreshing.

Chapek actually admitted that the problems for Disney are more than COVID in the conference call. That is more than Iger would have ever volunteered. It isn't Chapek's fault that investors didn't listen.

It isn't paper losses, it is paper revenue from the purchase of Fox they now can put on the books because of past paper losses they had to put on the books due to buying Fox.

It wasn't a write-down. The $5+ billion was a credit they could apply this quarter because of charges they had to book in previous quarters related to their purchase of Fox. They were able to book the credits now in this quarter because that marked the one year mark of owning Fox. It makes it...

No thet lost almost $5 billion in real money. People need to learn how to read a report.

THey lost $4.8 billion on continuing operations. They lost $4.8 billion this quarter.

More honesty than you would normally get there.

Not exactly making a profit, but would be losing more money shut down.

They didn't have meager earnings. They lost $4.8 billion from continuing operations. They show a profit because they were able to book credits associated with past charges involved in their purchase of Fox.

The Mulan announcement shows a little desperation for revenue and some lack of faith in the film. I thought if they would do this it would be with Black Widow.

It is complete legal, but it is just an accounting trick that they were able to do because of cost associated with buying Fox.

The Walt Disney Company today reported earnings for its third fiscal quarter ended June 27, 2020. Diluted earnings per share (EPS) from continuing operations for the quarter was a loss of $2.61 compared to income of $0.79 in the prior-year quarter

It appears Doomcock made a video about you today.

The only big surprise that has a chance of happening today during the conference would be in any future guidance they give.

I think there is zero chance we hear from Josh. Probably just Christine McCarthy, Chapek and maybe Iger (who will be addressing whatever good new is in the report if he is there).

It is not accurate with the price we pay on almost everything. What enough people are willing to pay on the open market is the price we pay. Now the cost of labor can impact if product is viable anymore or lead to finding cheaper ways to deliver the product to avoid the labor cost, but it...