Disney’s Q2 FY23 Earnings Results Webcast

[MagicHappens1971]

She Hulk...

While some may have not liked it, I don’t think you can argue that it wasn’t “high quality”

 

[Jrb1979]

While some may have not liked it, I don’t think you can argue that it wasn’t “high quality”

IMO that's the problem, it costs a lot of make that "high quality". The problem is that people want "high quality" but don't want to pay cable prices for it. It's why I don't see streaming being the profit maker that all companies are hoping they become.

 

[TP2000]

IMO that's the problem, it costs a lot of make that "high quality". The problem is that people want "high quality" but don't want to pay cable prices for it. It's why I don't see streaming being the profit maker that all companies are hoping they become.

I still don't get how streaming pencils out for any studio, legacy or new.

I live a comfy, retired life. I want for nothing. But even I take the 15 seconds of fiddling with the remote to cancel my Netflix subscription once I'm done watching the shows I wanted. Six to 10 months later, when there's enough new stuff, I resubscribe in 15 seconds and binge another new season or three, plus a few old favorites.

I hadn't thought about it until this thread, but I am now quite confident there are a lot of middle class American families who are doing that with Disney+; subscribing for summer vacation and Christmas to watch all the latest blockbusters, then cancelling for four to six months and somehow managing to survive without unfettered access to Season 3 of The Suite Life Of Zack & Cody. Again.

Cable worked because they made it unbearably hard to get through to an actual operator who would finally allow you to cancel.

Streaming doesn't work because it only takes 30 seconds or less with your remote control in one hand and a Scotch in the other to cancel, and re-subscribe, and cancel again.

 

[Sirwalterraleigh]

Doesn’t look like the street is “digging it” in afterhours either

 

[GhostHost1000]

Doesn’t look like the street is “digging it” in afterhours either

Quick…send out a shareholder magnet

 

[Sirwalterraleigh]

They spent ALOT of time on squawk today on it…

Saying what they couldn’t hide yesterday: they’re business is soft across the board.
No way to really hide it

 

[GhostHost1000]

They spent ALOT of time on squawk today on it…

Saying what they couldn’t hide yesterday: they’re business is soft across the board.
No way to really hide it

It’s a good thing their parks help fund their other bleeding divisions. If only they’d invest more there rather than spend a trillion on mermaid movie ads online

 

[Tha Realest]

It’s a good thing their parks help fund their other bleeding divisions. If only they’d invest more there rather than spend a trillion on mermaid movie ads online

What happens if they no longer are reliably able to do so?

 

[Sirwalterraleigh]

It’s a good thing their parks help fund their other bleeding divisions. If only they’d invest more there rather than spend a trillion on mermaid movie ads online

Nobody was fooled about the park business either

Those numbers are not good at all given the conditions

 

[GhostHost1000]

Nobody was fooled about the park business either

Those numbers are not good at all given the conditions

Yeah if only they could predict the post Covid surge ending at some point while the parks become stale/stagnant again like most of us did

 

[Sirwalterraleigh]

Yeah if only they could predict the post Covid surge ending at some point while the parks become stale/stagnant again like most of us did

Remember what all the Iger faithful said the last time they had a price gouged fueled dip?
“They actually want lower attendance…” (as they paid 3x too much for emergency converted dvc blocks and did soliloquies know as “trip reports”)??

But remember what the truth says: then and now:

“They NEVER want lower attendance. Not for one Millisecond.”

It’s not what they say…it’s the model they were constructed with to make profits.
Mission statements are pointless…they have to churn volume to make high profits. It’s always been and always will be.

Buckle up

 

[Sirwalterraleigh]

Wow…not to belabor the point…but cnbc (grain of salt) is STILL talking about them…Bloomie is too.

An analyst just said “the prospects for Netflix are much better given their track record of adapatation”

I don’t know if that’s true? But I’m shocked it’s even being said outloud.

Not a lot of fans if the streaming announcements yesterday and Iger KNOWS that…
He must be truly miserable

 

[GhostHost1000]

Wow…not to belabor the point…but cnbc (grain of salt) is STILL talking about them…Bloomie is too.

An analyst just said “the prospects for Netflix are much better given their track record of adapatation”

I don’t know if that’s true? But I’m shocked it’s even being said outloud.

Not a lot of fans if the streaming announcements yesterday and Iger KNOWS that…
He must be truly miserable

Is he still allowed to blame Chapek for everything he himself screwed up or no? lol

 

[Sirwalterraleigh]

Is he still allowed to blame Chapek for everything he himself screwed up or no? lol

Well the people ultimately determine what is accepted as the truth.

The sames that still to this day blame Michael for everything including the Lindbergh kidnapping…are gonna die defending iger’s “Alamo”…

I’m a huge Iger critic (shocking )…but I can say that he was a good “steward” in many ways. They made money…he did get good return on content investments…

But creative enough to run Disney now? No. Have the ability to leave his ego at the door and adapt quickly? Hell no.

 

[Tha Realest]

While some may have not liked it, I don’t think you can argue that it wasn’t “high quality”

Whether or not something is of sufficient quality is largely subjective and difficult to quantify.

What is easy to quantify is whether or not what we saw on the screen justified $25 M an episode, for $225 M for the whole season.

 

[Sirwalterraleigh]

While some may have not liked it, I don’t think you can argue that it wasn’t “high quality”

If nobody watches something…it’s a flop. Not really a “subjective” kinda thing

I mean…solo is much better to watch now than the farce awakens…but nobody watch it so it was a flop and everyone sat and watched the other one which gets far worse every day

We don’t make the rules…we just spend alot of time here trying to convince ourselves that Disney can make its own

 

[Rteetz]

Huh?

The decrease at Walt Disney World Resort was due to higher costs, partially offset by increased volumes. Higher costs reflected cost inflation, increased expenses associated with new guest offerings and higher depreciation. ​

The comment on the call was WDW was down and offset by Disneyland. It’s expected WDW may be soft the rest of the year. We’ve already seen plenty of discounts we haven’t seen in the past couple years. I do think it’s a mix of things contributing but I also don’t think Tron itself is getting people to book trips.

 

[Sirwalterraleigh]

The comment on the call was WDW was down and offset by Disneyland. It’s expected WDW may be soft the rest of the year. We’ve already seen plenty of discounts we haven’t seen in the past couple years. I do think it’s a mix of things contributing but I also don’t think Tron itself is getting people to book trips.

One new ride will not cause people to book more trips

…but a lack of new rides…like the next 5+ years…and growing each day…will lower trips booked.

Quite a pickle blue ocean strategy has cooking in the swamp, ain’t it?

 

[CastAStone]

What have they put out on D+ that hasn’t been “high quality”?

There’s been a lot of low cost Nat Geo, behind the scenes, and children’s programming, as well as several very dumb specials. Marvel Legends? Rennervations? Star Wars Biomes? Etc.

 

[GhostHost1000]

One new ride will not cause people to book more trips

…but a lack of new rides…like the next 5+ years…and growing each day…will lower trips booked.

Quite a pickle blue ocean strategy has cooking in the swamp, ain’t it?

Completely agree. They have dug their own hole and created their own problems