News Dismal Q3 Earnings

[MisterPenguin]

Sad - I’ve read some of your posts on other threads and you seem like a nice, reasonable individual who is very well-informed about the Disney company and its legacy. Not sure why you’re being so hostile in this case, but I really don’t think it’s called for. Is what’s being posited so far-fetched: that the majority of the minority who disliked TLJ are not in fact crazed, sexist, racist man-babies, but instead rational moviegoers of all backgrounds and identities who peaceably disagree with some of the narrative choices made thus far in the ST?

Never said that. Sad.

 

[Sirwalterraleigh]

You're absolutely right, the fans just don't recognize what a good movie TLJ is.

And based on the measurable decline in demand for Star Wars across the board since...they’re really digging in their heels on the “stupidity”, eh?

 

[Sirwalterraleigh]

I wasn’t comparing concept just ride count. The statement was made that SW:GE is underwhelming because it’s just 2 rides and some shops and restaurants. That’s a theme park land these days.

Yep...and some are built with better rides and shops

 

[Sirwalterraleigh]

I watched part of Solo on NetFlix and it didn't much for me so I turned it off after 30 minutes? It was just a senseless action movie to me.

It’s straight average...as most backstories are.

It wasn’t great...wasn’t terrible.

 

[The_Jobu]

I watched part of Solo on NetFlix and it didn't much for me so I turned it off after 30 minutes? It was just a senseless action movie to me.

I must admit I skipped this film after reading up about it. From what I’ve seen however you are not alone in your reaction to the film.

 

[Sirwalterraleigh]

Every film series has some crap mixed in. Star Trek is about every other movie. Star Wars to me is about the same.

Have to say I don't like any of the new Bond movies, gave up on those. First problem is Bond wasn't a working guy, he was upper class. No need to change the series for that. I can watch XXX for that. Not that XXX but these,https://en.wikipedia.org/wiki/XXX_(film_series)

Difference is those series were ebb and flow...

And none of them set the technical bar as Star Wars did...

And the first 3 movies were made and held up juuussst fine...

Been on a “cold streak” of sorts since

 

[ImperfectPixie]

I'm very curious to see how the new films outside the original trilogy story arc do. I could see them going either way.

Interestingly, I get the impression hubby liked Solo more than the sequels we've gotten thus far. I'll have to remember to ask him.

I asked him...I was right...he liked Solo more than VII and VIII.

 

[Rich Brownn]

Perhaps, though cinemascore is only one metric. It’s hard to reach any conclusions on that alone. For example Solo was only a couple percentage lower though it was a critical and commercial failure. It’s useful as part of a much larger picture.

CinemaScore doesn't score by success or failure. It scores what people who have seen the movie thought. Solo may have flopped but the people who actually saw it liked it.

 

[LSLS]

I don’t think there’s any issue with ride count. WWoHP opened with 1 real ride and 2 recycled. Pandora is 2 rides (some say 1.5). I think that’s about what to expect from a theme park land these days. That assumes the headliner actually opens. Imagine if Diagon Alley opened with just hogwarts express and the shops.

I remember having discussions when the plans for SW Land were first announced (years ago now)about the risk of going for full immersion vs incorporating more popular and classic things. The music can be added later (and probably will be). I don’t think people jump to book just to visit a land. It’s still the rides that hook people. RoTR sounds like it could be epic and who doesn’t want to fly the MF. The rides may ultimately far exceed the land as a draw for the masses which is OK for me. FLE looks really good walking through but the rides don’t overwhelm me. On the flip side Transformers is one of my favorite rides anywhere and it is basically in a box building with minimal theming.

Maybe ride count doesn't. But for me if it's just a couple rides, the land needs to be an attraction as well. And this land doesnt feel like that for me based on what I've seen. Just my opinion obviously.

 

[DisneyCane]

While I am not a fan of the current SW Trilogy, I can't help but think that WDW SEGE can be nothing less than a success. It will succeed because they have family trapped in the buggle year round. Most families are visiting each park once; Disney even sells their special ticket discounts to promote this behavior.

Just like these families were planning their entire day at DHS before TSL opened (While we were arguing that it was a half day park), families will continue this pattern. Each park at least once. Try to explore SWGE because the internet tells them to. Buy Blue Milk because Instagramers tell them to. Buy their kid a lightsaber because the mom that lives down the street did for her kid. It is the same behavior pattern that we see across property.

WDW SWGE can be nothing but a success with a trapped audience, biting on all of the lures that Disney lays out for them. It won't matter how the ST is viewed by the public. People will go because they are in Florida, in WDW and in DHS on at least one day of their trip. You will not see the ghost town that we have seen at the West coast property.

However, with that kind of investment, "success" means increasing ticket sales overall and specifically at DHS.

That's what Harry Potter did for Universal.

 

[DisneyCane]

Difference is those series were ebb and flow...

And none of them set the technical bar as Star Wars did...

And the first 3 movies were made and held up juuussst fine...

Been on a “cold streak” of sorts since

The original raised the bar for special effects and set up the story. It holds up ok but is a little boring. The Empire Strikes Back holds up the best and is the best of all 8 IMO.

Hopefully JJ will figure out a way to have a worthy send off for the nonilogy.

 

[The_Jobu]

CinemaScore doesn't score by success or failure. It scores what people who have seen the movie thought. Solo may have flopped but the people who actually saw it liked it.

Yes I’m quite aware how cinemascore works, I was explaining how it’s problematic to make grand conclusions from a single metric.

 

[mikejs78]

Yes I’m quite aware how cinemascore works, I was explaining how it’s problematic to make grand conclusions from a single metric.

@MisterPenguin pointed out about 4-5 different scientific viewer sentiment metrics. TLJ did well in all of them. There isn't a single metric available that shows that viewers didn't like TLJ. Only unscientific self-selecting surveys like Rotten Tomatoes.

 

[peter11435]

Yes I’m quite aware how cinemascore works, I was explaining how it’s problematic to make grand conclusions from a single metric.

Yet people make grand conclusions from their own opinions and anecdotal evidence.

 

[seascape]

@MisterPenguin pointed out about 4-5 different scientific viewer sentiment metrics. TLJ did well in all of them. There isn't a single metric available that shows that viewers didn't like TLJ. Only unscientific self-selecting surveys like Rotten Tomatoes.

There are always those who will hate Disney. Just like there are those who hate Comcast. I happen to be one of those who hate Comcast. I have my reasons but I will always say Brian Roberts father was a great man who loved Philadelphia and did everything he could for the city. However, I would never intentionally bad mouth a Universal movie just because I dislike the parent company. Rivalries are a good thing. They make both sides better. Comcast's running of NBC Universal has made Disney a better company.

 

[The_Jobu]

@MisterPenguin pointed out about 4-5 different scientific viewer sentiment metrics. TLJ did well in all of them. There isn't a single metric available that shows that viewers didn't like TLJ. Only unscientific self-selecting surveys like Rotten Tomatoes.

He also went on a rant about all the trolls trying to get Kennedy fired. As Walt said, surveys are only useful when you’re trying to prove yourself right. If he’d like to discuss this again I’m sure he’s capable of it, he doesn’t need you trying to vindicate him.

Yet people make grand conclusions from their own opinions and anecdotal evidence.

Exactly, it is very problematic.

 

[WDW Pro]

@MisterPenguin pointed out about 4-5 different scientific viewer sentiment metrics. TLJ did well in all of them. There isn't a single metric available that shows that viewers didn't like TLJ. Only unscientific self-selecting surveys like Rotten Tomatoes.

So that's the narrative you two are holding onto that makes you both take nonsensical positions... now I understand.

 

[bartholomr4]

In an effort to get back on topic (i.e. Dismal earnings), below is some summary information for you to consider which comes from Disney's 10K filed with the SEC this week, related to the earnings report.

While Galaxy’s Edge is not performing as forecast, it has had little impact on the earnings. The impact to revenues was more of the Direct to Consumer investments

There was a great deal of “noise” in the report, as not only did some accounting rules change, but Disney has restructured its reporting based on the merger with 21CF. One item in particular which affects the comparison is a change in allocation of royalties to “Studios and Entertainment” from Parks revenue based on Studio related items sold in the parks.

Year to date this moves $406 million in revenue from the Parks to Studio. During the quarter this amount was $110 million. I have read where some are attributing a reduction in Star Wars licensing this year over last, the reduction is more likely due to this "noise"

Theme Park Admissions information includes the following:

Its interesting to note the competition with NBCU. Their total parks revenue is 20% less than just the Theme Park Admissions at Disney.

Here is a break down of the categories of Revenue for the Parks Business:

Occupancy of Disney Resorts includes:

Here is a comparison of Parks (domestic and international ) vs the Consumer Products portion of the category.

Lastly, Investment in the Parks (this would be large Capital expenditures)

Enjoy…..

 

[jt04]

@MisterPenguin pointed out about 4-5 different scientific viewer sentiment metrics. TLJ did well in all of them. There isn't a single metric available that shows that viewers didn't like TLJ. Only unscientific self-selecting surveys like Rotten Tomatoes.

Well if they had a metric for how many times an audience can be taken out of a movie then TLJ would rate a high number. Especially on Canto Bight.

Just streamed for my second viewing of the movie. It is very inconsistent. Either great or mediocre from scene to scene. Okay, done with the thread drift.

 

[mikejs78]

In an effort to get back on topic (i.e. Dismal earnings), below is some summary information for you to consider which comes from Disney's 10K filed with the SEC this week, related to the earnings report.

While Galaxy’s Edge is not performing as forecast, it has had little impact on the earnings. The impact to revenues was more of the Direct to Consumer investments
View attachment 397217


There was a great deal of “noise” in the report, as not only did some accounting rules change, but Disney has restructured its reporting based on the merger with 21CF. One item in particular which affects the comparison is a change in allocation of royalties to “Studios and Entertainment” from Parks revenue based on Studio related items sold in the parks.

Year to date this moves $406 million in revenue from the Parks to Studio. During the quarter this amount was $110 million. I have read where some are attributing a reduction in Star Wars licensing this year over last, the reduction is more likely due to this "noise"

Theme Park Admissions information includes the following:
View attachment 397218

Its interesting to note the competition with NBCU. Their total parks revenue is 20% less than just the Theme Park Admissions at Disney.

Here is a break down of the categories of Revenue for the Parks Business:
View attachment 397219

Occupancy of Disney Resorts includes:
View attachment 397220

Here is a comparison of Parks (domestic and international ) vs the Consumer Products portion of the category.
View attachment 397221

Lastly, Investment in the Parks (this would be large Capital expenditures)
View attachment 397223
Enjoy…..

Good stuff. So domestic parks revenue was up half a billion dollars year over year. So how exactly are the parks doing horribly and driving the stock down?