Disney’s Q1 FY23 Earnings Results Webcast - Wednesday, Feb 8, 2023

[ctrlaltdel]

This is a pretty solid report all things considered. the streaming losses are still a big concern, but at least they seemed to weathered the price increases better than expected.

 

[MisterPenguin]

I thought they never bought the cricket in the first place?

They did the previous year. This year they lost live streaming, but they still have broadcast rights... or the other way... can't remember.

 

[doctornick]

I thought they never bought the cricket in the first place?

I don't think so. They had some sort of rights, but they lost them:

Disney Executive Explains Why They Passed On IPL Cricket Rights For Disney+ Hotstar

Earlier this week, Disney was involved in a auction to win the streaming and television rights to the Indian Premier League for the next five years. While Disney was unsuccessful ...

whatsondisneyplus.com

Disney was involved in a auction to win the streaming and television rights to the Indian Premier League for the next five years. While Disney was unsuccessful in retaining the cricket streaming rights for Disney+ Hotstar, which ended up going for $2.6 billion to the Viacom18 group, it did win the linear television rights for Star Sports for an estimated $3 billion.

 

[MisterPenguin]

This is a pretty solid report all things considered. the streaming losses are still a big concern, but at least they seemed to weathered the price increases better than expected.

The streaming losses, tho, aren't that bad. The total expense this quarter was less than expected. Revenue is up. Most of the sub losses was Hotstar+

 

[ctrlaltdel]

The streaming losses, tho, aren't that bad. The total expense this quarter was less than expected. Revenue is up. Most of the sub losses was Hotstar+

I'm talking about the overall money loss in DTC. Not really the subscriber numbers, which are fine. Content spend is making them lose a lot of money which is going to be a continual problem outside of sub numbers.

 

[MisterPenguin]

Hidden Away - Willow

 

[waltography]

Hidden Away - Willow

This is really hitting how I feel right now about this call.

 

[CaptainAmerica]

Not really the subscriber numbers, which are fine. Content spend is making them lose a lot of money which is going to be a continual problem outside of sub numbers.

But that was always going to be true and they're heading in the correct direction.

 

[MisterPenguin]

I'm talking about the overall money loss in DTC. Not really the subscriber numbers, which are fine. Content spend is making them lose a lot of money which is going to be a continual problem outside of sub numbers.

The increase in sub fees only went up mid-December. We'll see next quarter if revenue can justify the expense.

 

[VJ]

very enthusiastic operator

 

[VJ]

do you think iger is hearing the cheers in his head right now? like a rock star?

 

[MisterPenguin]

It's like I can hear Zenia...

 

[Disney Analyst]

Uh oh, Bob sounds like he has a cold.

 

[CaptainAmerica]

It's like I can hear Zenia...

Ooooooohhoooohoohohoh.

 

[CaptainAmerica]

Ooooooohhoooohoohohoh.

That's a Frozen 2 joke for the kids in the back.

 

[MisterPenguin]

Bob defends the Fox purchase.

And hello to you, Señor Peltz.

 

[CaptainAmerica]

Bob defends the Fox purchase.

And hello to you, Señor Peltz.

And you, Mr. Chapek!

 

[MisterPenguin]

Bob doubles down on story and creativity as their product.
1. For the restructuring.
2. To emphasize this is not Peltz's strength.

 

[DCBaker]

Bob - Under our strategically organization there will be three core business segments: Disney entertainment, ESPN and Disney parks experiences and products.

Alan Bergman and Dana Walden will be co-chairman of Disney entertainment.

Josh D'Amaro remains chair of Disney Parks, Experiences and Products.

 

[CaptainAmerica]

New org is basically Parks, Sports, and Non-Sports.