AND we're back..
From streaming and theme parks to sports and megadeals, the executive's new contract gives him breathing room to put his own stamp on the company.
www.hollywoodreporter.com
Some key points:
Chapek's Success is tied to streaming:
“Given how under-monetized Disney Plus is today, in our view, we see [advertising] as an accelerant to revenue growth and helpful to bringing the business to breakeven over time. It is unclear, however, how incremental it will be to driving additional subscriber growth,” Morgan Stanley’s Benjamin Swinburne wrote in a June 30 report. As for general entertainment fare: It “may be the primary variable in determining Disney’s ability to deliver on its FY24 streaming guidance.”
Parks have come back "mightily"
Consider that Disney’s theme parks, which have rebounded mightily since their 2020 shutdowns, are still capping attendance to manage crowds, and some of the international parks remain subject to tighter restrictions (Disney Shanghai just reopened on June 30 after being shut down for months).
“We think pent-up demand is clearly playing a role in the current Parks strength, which along with Disney’s yield management investments may allow the business to grow even in a modest recession,” Swinburne writes.
No Signs yet that Chapek is looking to buy another IP:
But Chapek also touts the company’s “franchise ecosystem,” which has turned Marvel into a juggernaut, has kept Star Wars relevant in pop culture (theatrical strategy notwithstanding) and turned films like Frozen and Encanto into household product staples.
forums.wdwmagic.com
But I know Disney won’t go bankrupt.
