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

[CaptainAmerica]

The [butt]-kissing from the analysts is embarrassing.

 

[hopemax]

The [butt]-kissing from the analysts is embarrassing.

Are the callers pre-screened by Zenia?

 

[DCBaker]

Bob - We are going to take a really hard look at the cost for everything that we make, both across television and film, because things in very competitive world, have just simply got more expensive. That is something that is already underway here. In addition, we are going to look at the volume of what we make and with that in mind, we are going to be fairly aggressive at better curation when it comes to general entertainment...

 

[CaptainAmerica]

Bob - We are going to take a really hard look at the cost for everything that we make, both across television and film, because things in very competitive world, have just simply got more expensive. That is something that is already underway here. In addition, we are going to look at the volume of what we make and with that in mind, we are going to be fairly aggressive at better curation when it comes to general entertainment...

This is Good.

Slinging crap at DTC just for the sake of volume is a huge waste of money that doesn't drive subs.

 

[Notes from Neverland]

It is so much easier to listen to Iger than it was listening to Chapek.

 

[MisterPenguin]

Q: Restructure: What will be quick fixes, take longer? What does reduction in content mean?

Bob: We're going to make cuts piecemeal and overall churning out of lots of content... cut that back a bit. The new structure gives international execs to cut back on 'local' programming.

First question, Bob: More competitive, more disruptions, more macroeconomic difficulties. We're still creative and leading with that. We're strong and scrappy. Best franchises bring all the boys to the yard.

 

[TalkingHead]

More aggressive curation of entertainment = Marvel, animation sequels, and SW spin-offs as far as the eye can see.

 

[doctornick]

I am assuming this is the Avatar Experience that has been in Shanghai? Either moved or a duplicate?

Was in Singapore, no? But yeah something like that maybe or a M&G or show.

 

[Jrb1979]

This is Good.

Slinging crap at DTC just for the sake of volume is a huge waste of money that doesn't drive subs.

Start by putting more of the adult Fox content you have on D+ and stop with the overpriced MCU shows.

 

[Stupido]

"When we get right creatively" shots fired.

 

[Tha Realest]

Wasn't Zootopia 2 announced awhile ago?

I think Frozen 3 was inevitable.

Toy Story 5 is just pathetic.

Wait, no

Turning Redder

Lightyear: The Next Adventure

Stranger Worlds

 

[CastAStone]

the one where Wall Street asks dumb questions

Just the dumbest questions today.

 

[CaptainAmerica]

More aggressive curation of entertainment = Marvel, animation sequels, and SW spin-offs as far as the eye can see.

Disney making branded content? Say it ain't so!

 

[Tha Realest]

Bob - We are going to take a really hard look at the cost for everything that we make, both across television and film, because things in very competitive world, have just simply got more expensive. That is something that is already underway here. In addition, we are going to look at the volume of what we make and with that in mind, we are going to be fairly aggressive at better curation when it comes to general entertainment...

They’ve gotten more expensive because the producers/actors don’t get the back end profits or royalties from streaming-only productions

 

[Serpico Jones]

"When we get right creatively" shots fired.

Could be a sign that a certain studio president might be on the way out.

 

[CastAStone]

More aggressive curation of entertainment = Marvel, animation sequels, and SW spin-offs as far as the eye can see.

Sounds to me like they’re getting rid of anything that you could see on Discovery+

 

[Disney Analyst]

Basically, linear is Baby Boomers, streaming is Millennial's galore.

Streaming is still the future according to Bob.

 

[hopemax]

Disneyland Paris strong recovery for International, which had been lagging domestic recovery.

 

[MisterPenguin]

Q: Future of TV and cord-cutting... your thoughts, your strategy..

Also on parks with big margins... will that keep up?


Bob: A la carte is a huge change since people can sub for just a month and get lots of content on demand. Problem is that, right now, streamers aren't producing the profits that linear was. But we're getting ready for their decline, but, we'll continue to monetize it while we can. Streaming is #1 priority, it's our future, but we'll still use it while it's here.

Christine: International parks really did better this quarter with upgrades to Paris. Royalties from Tokyo is up. And this holiday quaurter is traditionally the best.

 

[Ayla]

Basically, linear is Baby Boomers, streaming is Millennial's galore.

Streaming is still the future according to Bob.

So, as is typical, the people who actually have money (gen x) are forgotten.