Sirwalterraleigh
Premium Member
Which is completely incompatible with achieving dependable profit from streaming
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Disney’s Q1 FY24 Earnings Results Webcast
- Thread starter DCBaker
- Start date
mikejs78
Well-Known Member
I don't know, Swifties are a rabid fanbase. The topic of the concert was brought up at work today, and two people said they would subscribe just so they could watch the concert every few weeks to tide them over until they could see her live again.
No, but keeping Peltz as far away from Disney as possible *is* tantamount to saving Disney. And that's the choice we are faced with right now.
I wouldn't expect them to give answers. The things that they announced all touched on areas where they are perceived by Wall Street to be struggling. Parks is not one of those areas. And when asked, there is no way they would announce something they weren't prepared to announce today. No corporate executive would do that, ever.
Yes, all areas perceived as struggling. It's a strategy.
It is a two person horse race at the moment. There aren't any other options on the table, so that is the choice we have at the moment.
Dranth
Well-Known Member
Musk, while not my favorite of late, is just doing his thing where he tends to lash out when things aren't going well. We've seen it before. We'll see it again. It's who he is so you need to take the good with the bad when it comes to him.
Peltz on the other hand was demanding a board seat within the first three days of Iger's return because he was upset over what happened to Chapek so this has never been anything other than a bad joke from day one. He is a terrible candidate for the board and he picked one of the worst possible people on the planet for Disney parks to come with him so how anyone with a shred of common sense could support him I don't know.
However, he just made a TON of money and can spin the narrative that he had a hand in it by forcing Iger even if he loses the proxy battle so I don't know how much of a loss I would call that.
Personally, if I were him, I would have been offloading small chunks all day to lock in some gains and then ride the rest. If it drops again, he can always buy more.
Sirwalterraleigh
Premium Member
…you didn’t read it…did you?
Peltz was proven more right than wrong.
But he won’t get what he wants…because the stock buyback is an obvious bribe and will do the trick.
So you can get your argument ready when he self extends himself next year…sharpen your pencil
Peltz may have made a lot of money... comparatively. Certainly if he bought more shares recently to wage his war.
But, he may have also bought shares in the two previous bubbles at near $200. That would mean he's also way down.
In his unmoored from reality case he makes for him and Rasulo being on the Board, he points out the ""loss"" from not getting dividends from the past three years. As if he's owed it.
There's a certain lack of rationality there. Especially if he's courting people who aren't upset about loss of dividends, but who are holding grudges against Iger/Disney, namely Rasulo, Perlmutter, and Musk.
That's what Disney needs: People in charge motivated by grudges.
Restore the Magic!!
But, he may have also bought shares in the two previous bubbles at near $200. That would mean he's also way down.
In his unmoored from reality case he makes for him and Rasulo being on the Board, he points out the ""loss"" from not getting dividends from the past three years. As if he's owed it.
There's a certain lack of rationality there. Especially if he's courting people who aren't upset about loss of dividends, but who are holding grudges against Iger/Disney, namely Rasulo, Perlmutter, and Musk.
That's what Disney needs: People in charge motivated by grudges.
Restore the Magic!!
JD80
Well-Known Member
You could hear the girlish scream of pure joy from my 10 yo daughters room from space when I told her about this announcement.
I know your against buybacks but why?
Iger has no idea how to grow the brand organically.
He grows thru acquisition.
He has to return value to the shareholders.
It’s not like he can use profits to create original content that will capture the minds of a generation.
Disney Analyst
Well-Known Member
Ooh - I kinda hope he does, if only for the drama it will cause on these boards.
Laketravis
Well-Known Member
They gave more airtime to DCL than Parks and DCL isn't struggling. Questions from the BOA analyst about parks - specifically WDW, capacity, and a fifth gate - were premised on the perception they are struggling based on earlier comments that overseas parks were doing well but WDW is experiencing a drop in park and resort attendance which is currently being offset by higher pricing.
I also think it's significant that Bank of America led off with questions about Parks. That's not some Yahoo Finance or hedge fund grunt.
Sirwalterraleigh
Premium Member
History MostlyI know your against buybacks but why?
Iger has no idea how to grow the brand organically.
He grows thru acquisition.
He has to return value to the shareholders.
It’s not like he can use profits to create original content that will capture the minds of a generation.
You know who loved buybacks in the swinging 2000s?
The US airlines and automakers
How’s that turn out? Who’s paying those bills?
Buybacks shouldn’t even be legal. It’s price fixing…at best.
“I’ll buy me…so others will buy me…so the market will think I’m worth more”
Where else but Wall Street can something so patently stupid be real?
Ok…Capitol hill…but I feel like I had a mulligan there.
But hey…guess I made a lot of money today…
But I’d rather have a nicer place to travel while I’m still above ground. Probably just me
Sirwalterraleigh
Premium Member
Well…if you’re comfortable with stale parks and awful movies and shows…gotta get your kicks somehow, eh?Ooh - I kinda hope he does, if only for the drama it will cause on these boards.
Don’t watch the Sergachev highlight…by the way. yikes.
Sirwalterraleigh
Premium Member
The BOA question was the only one that mattered
Which is why it wasn’t answered
The rest was typical canned corn
Disstevefan1
Well-Known Member
JD80
Well-Known Member
Parks and DCL are killing it. WDW not so much, but every other park in the world is. There really isn't much else to say about the parks. There is investment coming down the road. No they aren't going to discuss it on this call.
Sirwalterraleigh
Premium Member
…is she paying the next bill for a 45 minute lighting lane to go on Peter Pan?
…if “yes”…then can she loan me a couple of bucks?
Sirwalterraleigh
Premium Member
They own euro, Disneyland and wdw
Guess which one matters the most…by far?
When’s your next pod…by the way? Can you do a call in segment?
CaptainAmerica
Premium Member
What part of "Netflix has a ten year head start" do you not understand? You can't compare 2024 Disney to 2024 Netflix, you have to compare 2024 Disney to 2014(ish) Netflix.
Vegas Disney Fan
Well-Known Member
I think it had more to do with the fact they had nothing parks related to discuss, all the parks stuff is in the planning stage and years away from generating revenue, not something you want to highlight in a call to bolster how good the company is doing, much better to keep the focus on the cruise ships under construction that will be generating revenue shortly.
I think if they had plans to talk about they’d have talked about them, it would have helped their case that the company was doing well, in another year or two when they have concrete park plans they’ll talk about them at every chance possible, because it helps the cause.
Yes but airlines and automakers are terrible businesses.
Disney should be a money making machine.
All they need is a steady flow of good content and smart investment in all segments of the business.
These buybacks were necessary as Bobs signal to investors to say “Hey I got you.”
Again he is growing the brand by acquiring ( Marvel - Star Wars ) or leeching onto other successful mega brands ( Fortnite - Swift ).
My disdain from Iger stems from the fact that he wants to be the ruler of a media empire that happens to own a few theme parks.
The problem with D+ is streaming is a freaking warzone. It’s going to require 98% percent of Iger’s attention at any given time.
Can Disney be all things to all people?
I think it’s positioned to be but it’s all about the CONTENT.
I really wish they would just leave Iger in charge of growing the media side and bring someone in for Parks and Resorts/Cruise/Merch etc.
It’s a company with unlimited potential run by an egomaniac who thinks that only he has the answers.