mikejs78
Well-Known Member
You don't give a credit for the stock price less than a month after he starts.
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
Jrb1979
Well-Known Member
As much as people hate Chapek, Iger is no better. A lot of these changes were planned under Iger but Bob 2.0 implemented them. I don't think it will matter who is CEO unless they get some one who understands how parks run.
Sirwalterraleigh
Premium Member
You mean when the world went into lockdown and spray tan Bob quit after the news dump one day??
And besides…the all time high was in January 2021 after the US fed had arranged for bout $7 tril in capital injection to protect the “free market” from the respiratory plague…
But here’s the kicker: basically ALL stocks roared until feb/March 2022…
But not Disney…which has dropped like a rock since 2/21.
It is the outlier…not the rule.
So how does “fun with numbers” go again?
You’re literally defending a guy NO ONE here (or anywhere) defends. So are you his burner account?
Just gotta ask?
Sirwalterraleigh
Premium Member
…this one hits the bullseye
Both are fully supported by the Board but hardly no critics on them?
JoeCamel
Well-Known Member
And I bet you fax stuff too, such a child of the 50's.....<- Still uses a pager.
Sirwalterraleigh
Premium Member
I’m not trying to mess with you (like usual
)But what do you think “supported by the board” means?
It’s not like it’s a basketball team. Everything they say/do/don’t do is calculated by power brokers…and I don’t mean the board. I mean the financial Levers…people who in the halls of power are looking at 100’s of billions of dollars - trillions if we’re honest. Hedgers…corporate behemoth banks…ratings agencies…politicians…et al.
Look at just Disney domestic parks (one piece of a huge pie)….they are in states with roughly 65,000,000 people alone and rather important players. There’s a lot of scratch and interest there.
So my point is: it’s not a “conspiracy” if there is a hidden agenda. You almost assume it is something standard.
Information=power=money. That is a certainty. It’s like the quadratic equation.
But I can’t argue as if I’m 100% correct. But I can build my case. Here’s what I would say: do some research on “full suppprt” from boards in article and see what happens after such articles are published. It’s not really a “high success rate”. Typically - especially in Hollywood - no announcement concerning “support” is the status quo and how we all become rich. The timing is awful for Bob. There’s little dispute on that.
People are inherently cynical (and greedy) the instincts are almost automatically to take “vote of confidence” to be exact opposite…cause that’s how it plays based on experience. There was a good political example this week (I won’t get into it)
If the stock slides down to say $95-97 dollars over the next two weeks?
The market has given you their judgment on him. Same as if it’s flat.
Rickcat96
Well-Known Member
It probably will be soon, expect to see the NASDAQ to drop under 11k in the next month also. Disney has a cash problem, D+ is milking them dry and never mind those dividends are still stalled.
Gonna be a rough summer to fall travel season.
crazy4disney
Well-Known Member
- In the Parks
- No
Im No Chapek fan but i dk why everyone loved Iger in regards to the stock price... the last 5 years DIS stock basically stayed flat maybe +10% during one of the biggest bull markets running one of the biggest and most well known brands in the world... far from a stellar performance during that time imo
mikejs78
Well-Known Member
What cash problem? Disney has just under $16b cash on hand.
Sir_Cliff
Well-Known Member
That's great if you want to ensure the success of Chapek. It's less clear that it's a good way to run a company like Disney.
Without knowing the ins and outs of this, it seems clear Chapek is not interested in changing the narrative that he is a blunt instrument when it comes to dealing with employees and big issues. The company under his leadership doesn't seem that bothered with controlling public perceptions or attending to egos, including in this case where it seems people in the industry are a little shocked and grasping for explanations for what by all accounts was an unexpected firing of a top executive.
From the outside, the coverage certainly looks like another sign a lot of people in the industry think Chapek is a bad fit for his role and is doing a lot of damage in an industry where controlling perceptions and flattering egos is important. It also sounds bad that Chapek being insecure about is job is being cited in almost every article as a potential reason he took this move. Makes him sound vaguely paranoid to the point of firing people if they're doing too good a job as he sees them as a threat.
I know in here people are more concerned about the parks, but that will only register for investors if profits start to drop. In the short-term, I suspect many of them would be happy for him to ring as much money out of guests as possible between when they buy the stocks and cash out, with very little concern as to whether there is a viable business left behind.
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Sirwalterraleigh
Premium Member
All those things are 99.9% likely to be true.
(Get ready for a line of people to cruise by here who don’t believe you/will try to change the subject.
Particular on D+…where the “company” laid the narrative raking is an absolute surety 3-4 years ago when the pattern is it heading toward struggling a lot of the same streaming cost/growth issues that they all have prior. It’s just what it is today.
But the dust narrative is strong to crack)
Magenta Panther
Well-Known Member
This is why it's absurd to say that flicks like Encanto, Turning Red etc. were successful. Encanto flopped at the box office, and was sent to the yawning money pit that is Disney+ - so how much profit did it actually return? Turning Red could have premiered in theaters - but Disney chose to cut its losses and put it on streaming, likely because it, too, would have flopped. And why is the upcoming Pinocchio live-action remake that nobody (with any taste) wanted going directly to Disney+ as well? Take a look at its most recent trailer. Yuck. I wouldn't be surprised if "Disney" doesn't take a harder look at its upcoming film slate, given all the turkeys it's produced of late. (After seeing the trailer for "Strange World", I wouldn't be surprised if it gets dumped on Disney+ too. Completely lackluster with awful-looking characters. "Disney" needs to bring back princesses and talking animals IMO).
Magenta Panther
Well-Known Member
The firings make it look like Chapek knows he up, and perhaps not in the way some here assume. The company has lost a lot of its shimmer for many people because of the DSG thing, and then there's the Reedy Creek dissolution and the possible loss of the copyright for the Steamboat Willie version of Mickey Mouse. Those are disastrous consequences. I'm betting Chapek and his goons never thought for a moment that anyone would dare to stand up to the company and deal it some hurt. They learned differently, and now they're doing damage control. We'll have to see whether or not it's enough, or too late...
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Jrb1979
Well-Known Member
Look how quickly they put Dr. Strange onto Disney+. They are trying too hard to get D+ subscribers. Since reopening after the shutdown they have really lost touch on a lot of things. The parks have become an afterthought. D+ is the most important thing to them now. IMO streaming for most companies including Disney will never bring in the big money. The money spent putting out new content is expensive. As much as people say they love the old movies, it's not a big seller.
Look no further then when the WWE had their service, as much as people claimed the catalog of old shows was a draw for them, it was the PPVs that most people used it for.
Free cash flow has been notably small.
$lappie is in full-on paranoia mode. His grip on his power will only become tighter over the next 6 months before he's shown the door. A culture of fear is not one a creative company runs on.
bcoachable
Well-Known Member
If they had “free cash” laying around, wouldn’t they be purchasing stock back at the bargain rate it is today? 
pdude81
Well-Known Member
Haven't we been talking about the death of broadcast media and movie theaters for a decade though? Having a quick transition from theaters to Disney+ is important for subscriber retention, so I think this makes a lot of sense. They seem to have made the strategic decision that Disney+ growth is more important to the bottom line than dividends, and we'll see how it goes long term. I agree with that assessment but it is not without risk.
Sirwalterraleigh
Premium Member
The only way a movie on streaming is “massively successful” would be if it generated like $300,000,000 in NEW subscriptions in the first couple weeks of release - mirroring the BO.
Or you can prove that people retained specifically because of it.
A successful movie is Maverick…taking new money out of peoples hands. Buzz is gonna be a big hit…maybe the biggest for Disney since the start of this.
But i tire of people considering D+ for more than what it is. And it’s great…but it is a streaming service.
They are cutting corners it seems to me already. Like the current Star Wars series - while I like it - feels a little “budgeted” and is going too fast. Which is a budget thing.
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Rickcat96
Well-Known Member
Agreed-how would that look while they still are not paying out dividends....If they had “free cash” laying around, wouldn’t they be purchasing stock back at the bargain rate it is today?