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Walt Disney Company fourth quarter 2020 financial results to be released mid-November
- Thread starter wdwmagic
- Start date
Q: Credit Suisse: Math on India... 11 million subs, 2.5 million added? Cruise ship orders? What's viewership like
and we have the quarterly question from Wall Street *suggesting* dropping the theatrical windows and going back to big bucks from Netflix. Idiots.
A: Christine: no more detail on India numbers.
Bob: Cruise ships: CDC has strict protocols... so... hard... so, more delays. Maybe a "bubble" with vaccinated guests. New ships are still on the way (summer '22, '24, & '25).
Bob: Distribution of content: We're happy with windows and licensing.
and we have the quarterly question from Wall Street *suggesting* dropping the theatrical windows and going back to big bucks from Netflix. Idiots.
A: Christine: no more detail on India numbers.
Bob: Cruise ships: CDC has strict protocols... so... hard... so, more delays. Maybe a "bubble" with vaccinated guests. New ships are still on the way (summer '22, '24, & '25).
Bob: Distribution of content: We're happy with windows and licensing.
Q: Citi: Reorganizing... are you sure?
A: Bob: Yeah, we're sure. We're being careful. And our investing in D+ is full speed forward. And linear is good while we (and the world) transition away from it.
A: Bob: Yeah, we're sure. We're being careful. And our investing in D+ is full speed forward. And linear is good while we (and the world) transition away from it.
Q: UBS: $18B in cash on the books. Spend more for content? Armchair CEOing. As if I haven't heard you say a thousand times that D+ content is king.
A: Christine: $23B from last quarter. We wrote off paper losses of $5B recently. Content production is up and running. Still ramping up production and investing in it. Tune in for Investor Day.
Bob: Yes, more doubling down on streaming. [DUH!!]
A: Christine: $23B from last quarter. We wrote off paper losses of $5B recently. Content production is up and running. Still ramping up production and investing in it. Tune in for Investor Day.
Bob: Yes, more doubling down on streaming. [DUH!!]
Disney Analyst
Well-Known Member
Surprise, no wall street types asked about the thousands of Cast Members laid off.
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Q: Guggenheim: Ad revenue Hulu decline, what's up with that?
Sports... what's up with cord cutting.
A: Bob: we got Hulu+ Live TV which will soak up cord cutters.
Christine: We still got strong ad buying, but it suffers in comparison to last year. More on investor day.
Sports... what's up with cord cutting.
A: Bob: we got Hulu+ Live TV which will soak up cord cutters.
Christine: We still got strong ad buying, but it suffers in comparison to last year. More on investor day.
CFO Christine McCarthy was proud of the $2 Billion dollars in company synergy cuts and advised company even exceeded them. She advised there would be more " operational efficiencies " in parks and experiences. Synergy is the new term for layoffs and it is not rocket science to figure out what operational efficiencies mean.
brb1006
Well-Known Member
They might save those questions for next month.
One Wall Street analyst asked about it. . See my response above. These are not investors. These are Wall Street folks that recommended to buy, hold, or sell the company stock.
Sirwalterraleigh
Premium Member
So the investment “zebra” doesn’t have spots then?
It seems from the synopsis from our fine feathered friend (TY) indicates that they have “cut the bull” with this call.
I’m encouraged.
DVCakaCarlF
Well-Known Member
Until WDW becomes carowinds, spreadsheets will rule.
Sirwalterraleigh
Premium Member
Employees don’t matter. They haven’t mattered for decades...not in private.
Hell...they’re not even bothering to act like they matter on Capitol Hill anymore.
Welcome to the grand society.
DVCakaCarlF
Well-Known Member
Remember the photo pass robots?
TrainsOfDisney
Well-Known Member
One did. And several asked some tough questions regarding other decisions.
ParentsOf4
Well-Known Member
"Synergy is the new term for layoffs"
Sadly, no, it's been a layoff buzzword for some time.
Sirwalterraleigh
Premium Member
Yep...
Just like “globalization” has been code for “sweatshop slave labor” for 40 years
Iger also used the term " synergy" when Disney and Fox did a merger. Not many knew what that meant until layoffs started happening before and during the merger.
Sirwalterraleigh
Premium Member
They used “synergy” internally at least 21 years ago (give or take
)...it felt “dirty” then...nothing has changed
GoofGoof
Premium Member
Synergy with a merger always means cutting headcount. It’s not a secret buzzword, that’s literally what it means. If I buy a company and I combine it with my operation the synergies come from the duplicate functions I no longer need. At an over simplified level I have 2 CEOs and only need 1 so when I cut the 2nd CEO the cost saving goes down as synergies. Almost every merger of public companies relies on synergies to make it work financially. They aren’t all headcount related, in some cases you can combine corporate headquarters or cut IT maintenance agreements, stuff like that. They will usually quote an amount expected to be saved from synergies but with a large merger it may take years to fully achieve them. I don’t know what the cost synergies related to the Fox deal were or how long they are expected to take to achieve but it wouldn’t surprise me at all if they are still seeing cost reductions from it.
lentesta
Premium Member
Either this change happened very recently or Chapek said something that wasn't yet implemented.
I've asked two specific people this exact question in the past week, and they both said the parks were at 25%.
Also, 35% of EPCOT park capacity is slightly above an average day of pre-pandemic attendance.