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

[waltography]

DMED sounds like it'll be reorged into Disney Entertainment under Alan Bergman and Tina Walton.

 

[WDWBryan]

ESPN becomes its own segment.

 

[hopemax]

Entertainment
ESPN
Parks, Experiences & Product

 

[HauntedPirate]

Did I miss the announcements for all the new stuff they're going to build in the parks? Or for all the capex people clamor over, is this closer to the truth?

"It's the dawning of the age of austerity, the age of austerity..."

 

[MisterPenguin]

I thought Josh was being fired!!!!!!!!!!

 

[HauntedPirate]

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

Alan Bergman and Tina Walton will be cochairman of Disney entertainment

Wonder if one of those two is the next CEO.

 

[doctornick]

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.

Depends on how much of that spend is for content (will be ongoing) or infrastructure (should go down over time). A lot of the initial costs for streaming is in developing the system and then rolling it out in different countries.

 

[CaptainAmerica]

7,000 workforce reductions

 

[MisterPenguin]

Did I miss the announcements for all the new stuff they're going to build in the parks? Or for all the capex people clamor over, is this closer to the truth?

"It's the dawning of the age of austerity, the age of austerity..."

Yes, that was all announced in the first 35 seconds.

 

[doctornick]

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

And there will be more increases to come. I'm expecting another big jump in late 2023 or early 2024.

 

[VJ]

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

1. Parks
2. Sports
3. Mousecellaneous

 

[waltography]

D+ still on track for profitability by end of FY24.

 

[doctornick]

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

Alan Bergman and Tina Walton will be cochairman of Disney entertainment.

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

So, separate sports as a way to manage that more effectively in a changing landscape... or making it easier to sell off ESPN en masse in the future?

 

[MisterPenguin]

More content also on TV as well on D+.

 

[Slpy3270]

ESPN being a standalone unit is almost certainly going to fuel the spin-off rumors.

 

[HauntedPirate]

And there will be more increases to come. I'm expecting another big jump in late 2023 or early 2024.

I wouldn't put it past them to increase in May and then again in November.

Park prices should rise again in February. That's "growth" you can always count on...

 

[NotCalledBob]

Oooo. Avatar at DLR

 

[DCBaker]

Avatar experience coming to Disneyland.

 

[Disney Analyst]

Avatar experience Disneyland?!

 

[waltography]

Avatar at Disneyland!